INTERMEDIATE ACCOUNTING <CUSTOM LL>
INTERMEDIATE ACCOUNTING <CUSTOM LL>
10th Edition
ISBN: 9781260887068
Author: SPICELAND
Publisher: MCG CUSTOM
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Chapter 20, Problem 20.3Q
To determine

Change in accounting principle:

A change in accounting principle is said to be a change in a format used, like using different depreciation method or changing from FIFO to LIFO method of inventory valuation.

To Describe: General way of recording and reporting changes in accounting principle.

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