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Brighton Co . changed from the individual item approach to the aggregate approach in applying the lower of FIFO cost or market to inventories. The

Brighton Co. changed from the individual item approach to the aggregate approach in applying the lower of FIFO cost or market
to inventories. The cumulative effect of this change should be reported in Brighton's financial statements as a:
A. Retrospective adjustment on the retained earnings statement, with separate disclosure
B. Component of income from continuing operations, with separate disclosure.
C. Component of income from continuing operations, without separate disclosure.
D. Component of income after continuing operations, with separate disclosure.
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