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Identify the true statement regarding changes in accounting principles. They are allowed when new principles are preferable to old principles. They are only reported
Identify the true statement regarding changes in accounting principles. They are allowed when new principles are preferable to old principles. They are only reported in the current period. They should be used to improve the financial position of the company. They are not reported retroactively.
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Accounting Information Systems
Authors: James A. Hall
8th edition
2901111972140, 1111972141, 978-1111972141
