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Which of the following should be reported as a prior period adjustment? Change from Unaccepted Principle to Accepted Principle Change in Lives Estimated of Depreciable
Which of the following should be reported as a prior period adjustment? Change from Unaccepted Principle to Accepted Principle Change in Lives Estimated of Depreciable Assets A) B) C) D) Yes Yes Yes No No Yes No No 9. An example of a correction of an error in previously issued financial statements is a change from the FIFO method of inventory valuation to the LIFO method. B) in the service life of plant assets, based on changes in the economic environment. C) from the cash basis of accounting to the accrual basis of accounting. D) in the tax assessment related to a prior period. A)
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