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 the individual application of the LCM rule to aggregate 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:
Verified
Correct Answer:
Verified
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