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    Accounting Information Systems Study Set 5
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    Exam 16: General Ledger and Reporting System
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    Adjusting Entries That Reflect a Change in Accounting Principle Used
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Adjusting Entries That Reflect a Change in Accounting Principle Used

Question 14

Question 14

Multiple Choice

Adjusting entries that reflect a change in accounting principle used to value inventories are classified as


A) corrections.
B) estimates.
C) deferrals.
D) revaluations.

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