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Choices Intel Inc, changed from the average-cost to the FIFO cost flow assumption in 2016. The increase in the prior year's income before taxes is

Choices
Intel Inc, changed from the average-cost to the FIFO cost flow assumption in 2016. The increase in the prior year's income before taxes is $400,000. The tax rate is 20%. What amount of ? Retained earnings will be recorded in journal entry for the change in accounting policy Debit ;320,000 Credit ;320,000.00 Debit; 80,000.00 Credit ; 80,000.00

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