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Which of the Following Changes Would Not Be Accounted for Using

Question 96

Multiple Choice

Which of the following changes would not be accounted for using the prospective approach?


A) A change to LIFO from average costing for inventories.
B) A change from application of the LCNRV rule from individual item costing to an aggregate costing approach.
C) A change from straight-line to double-declining balance depreciation.
D) A change from double-declining balance to straight-line depreciation.

Correct Answer:

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