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Give the appropriate letter for how each item should be reported. Choose from: a) reported prospectively: change in estimate b) reported prospectively: change in principle

Give the appropriate letter for how each item should be reported. Choose from: a) reported prospectively: change in estimate b) reported prospectively: change in principle c) reported correction of error - books open d) reported retrospective - error e) reported restrospective-change in principle f) no special reporting needed g) change in entity-restatement of all years 1. Change in credit losses estimate 2. Change in depreciation from double-declining to straight-line. 3. Change from FIFO to LIFO method for inventory valuation. 4. Large write-off of inventories because of lower market demand 5. Change from capitalizing research and development costs to expensing them 6. Including previously excluded foreign subsidiaries in consolidation. 7. Recorded gain on own company stock issued 8. Recorded interest expense on bonds using effective interest method instead of straight-line

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