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A Company That Switches from Straight-Line Amortization to Double-Declining-Balance Amortization

Question 32

Multiple Choice

A company that switches from straight-line amortization to double-declining-balance amortization during an accounting period must report this change on the financial statements as:


A) an extraordinary item
B) income from continuing operations
C) a prior-period adjustment
D) a cumulative effect of a change in accounting principle

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