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11. 11. Which of the following is not a proper use of notes to the financial statements? (Points : 2) To describe the nature and

11. 11. Which of the following is not a proper use of notes to the financial statements? (Points : 2) To describe the nature and effect of a change in accounting principle, such as from FIFO to LIFO

To explain the decrease in gross margin and next years plan

To describe a firm's debt

To indicate the basis for asset valuation

To indicate the method of depreciation

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