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Which of the following is an example of a change in accounting principle? Select one: O a. Correcting an error due to improper revenue recognition
Which of the following is an example of a change in accounting principle? Select one: O a. Correcting an error due to improper revenue recognition O b. Changing from FIFO inventory valuation to weighted-average Oc. Revising the estimated life of equipment Od. Expensing a higher percent of credit sales as bad debt Oe. Using a lockbox system to accelerate receivables
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