Question: Basic differences in companies' accounting principles and procedures, may involve all of the following except a. some companies do not follow the full disclosure principle,
Basic differences in companies' accounting principles and procedures, may involve all of the following except
a. some companies do not follow the full disclosure principle, they are exempted from preparation of statement of stockholders' equity.
b. depreciation methods, particularly the use of straight-line versus accelerated depreciation.
c. capitalization versus expensing of certain costs.
d. inventory valuation (FIFO, LIFO, average-cost).
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