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National Hoopla Company switches from sum-of-the-years' digits depreciation to straight-line depreciation. As a result: Multiple Choice Current income tax payable increases. The cumulative effect decreases
National Hoopla Company switches from sum-of-the-years' digits depreciation to straight-line depreciation. As a result: Multiple Choice Current income tax payable increases. The cumulative effect decreases current period earnings. Prior periods' financial statements are restated. O None of these answer choices are correct
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