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3.An example of a change in accounting principle that should be handled currently is a change from the a.completed-contract method to the percentage-of-completion method for
3.An example of a change in accounting principle that should be handled currently is a change from the
a.completed-contract method to the percentage-of-completion method for long-term contracts.
b.LIFO method to the FIFO method for inventory valuation.
c.sum-of-the-years'-digits method to the straight-line method.
d."full cost" method to another method in the extractive industry.
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