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When a Company Changes from One Acceptable Accounting Method to Another

Question 89

Multiple Choice

When a company changes from one acceptable accounting method to another, the change is reported


A) in the statement of retained earnings, as a correction to the beginning balance.
B) in the income statement, below income from continuing operations.
C) in the income statement, above income from continuing operations
D) through a retroactive restatement of prior period earnings.

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