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Which of the Following Would Not Be Accounted for Using

Question 14

Multiple Choice

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


A) A change to LIFO from FIFO for inventory costing.
B) A change in price indexes used under the LIFO method of inventory costing.
C) A change in estimate.
D) A change from the cash basis to accrual accounting.

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