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A change in accounting principle is permitted when a. management can show that the new principle is preferable to the old principle. b. the effects

A change in accounting principle is permitted when a. management can show that the new principle is preferable to the old principle. b. the effects of the change are clearly disclosed in the income statement. c. the effect of the change in accounting principle on net income will not be significant. d. both management can show that the new principle is preferable to the old principle and the effects of the change are clearly disclosed in the income statement

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