Change in accounting principle

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Reference no: EM13792583

Which of the following is accounted for as a change in accounting principle?

A change in inventory valuation from average cost to LIFO.

A change from the cash basis of accounting to the accrual basis of accounting.

A change in the estimated useful life of plant assets.

A change from expensing immaterial expenditures to deferring and amortizing them as they become material.

Reference no: EM13792583

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