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    Intermediate Accounting Study Set 2
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    Exam 20: Accounting Changes and Error Corrections
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    When a Change in Accounting Principle Is Reported, What Is
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When a Change in Accounting Principle Is Reported, What Is

Question 54

Question 54

Multiple Choice

When a change in accounting principle is reported, what is sometimes sacrificed?


A) Relevance.
B) Consistency.
C) Conservatism.
D) Representational faithfulness.

Correct Answer:

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