Companies Can Change Accounting Methods,but the Changes Are Restricted to Situations

question 157

True/False

Companies can change accounting methods,but the changes are restricted to situations where it can be persuasively argued that the newly adopted accounting method is preferable to the old one.

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Definitions:

Speech Preparation

The process of planning, researching, organizing, and practicing before delivering a speech or presentation.

Memorizing

The process of committing information to memory for recall later, often used as a strategy for learning and retaining knowledge.

Rehearsing

The practice of repeatedly performing or going over material in preparation for a public presentation or performance.

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Computer software used to create a sequence of text and graphics, and often video and audio, to accompany a speech or public presentation.