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15. A company is justified in changing from one generally accepted accounting principle to another generally accepted accounting principle only if a. the change decreases
15. A company is justified in changing from one generally accepted accounting principle to another generally accepted accounting principle only if
a. | the change decreases the entity's reported net income |
b. | the change both improves the financial statement presentation and increases the entity's reported net income |
c. | the change produces more informative financial statements |
d. | approval is first obtained from the Financial Accounting Standards Board |
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