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When a Firm Decides to Change an Accounting Principal,but Does

question 327

Multiple Choice

When a firm decides to change an accounting principal,but does not have sufficient information to use the retrospective approach,it may ________.


Definitions:

Ice Caps

Large mass of ice that covers less than 50,000 square kilometers of land area, usually found in high-latitude regions; smaller than ice sheets.

Rivers

Large natural streams of water flowing in a channel to the sea, a lake, or another such stream.

Atmosphere

The layer of gases surrounding a planet or moon, held in place by gravity, vital for sustaining life on Earth.

Groundwater

Water that fills the spaces in underground soil and rock, supplying wells and springs.

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