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sholey sholey
wrote...
Posts: 83
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5 years ago
When an accounting change is to be recorded and reported under the retrospective approach, the:
A) Retained earnings is adjusted for the cumulative effect of the change.
B) Cumulative effect of the change is reported as a special item in the income statement in the
year of the change.
C) Effect of the change is spread over the past, current, and future accounting periods.
D) Pro forma financial statements for future years must be disclosed.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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wrote...
5 years ago
A
sholey Author
wrote...
5 years ago
Appreciate the effort, thank you!
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