QUESTION:394The costs that provide a benefit to a company over more than one accounting period arecalled:
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QUESTION:395_________________ are potential obligations that will materialize only if certain eventsoccur in future.
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QUESTION:396According to Accounting Changes and Errors Corrections, which of the following isNOT the type accounting change that must be disclosed to avoid misleading the user offinancial statements?
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QUESTION:397Improper asset valuations usually fall into which of the following category?A. Inventory valuationB. Accounts receivableC. Business combinationsD. All of the above