Multiple Choice
Which of the following is NOT considered to be a change in accounting policy?
A) changing from weighted average to FIFO for valuing inventories
B) initial adoption of a new accounting standard
C) reclassifying items on the financial statements of prior periods to make the statements more comparable
D) changing from the cost basis to the fair value model for measuring investments
Correct Answer:

Verified
Correct Answer:
Verified
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