a. When should the effects of a change in accounting principle be reported only as a direct

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a. When should the effects of a change in accounting principle be reported only as a direct adjustment to the current year’s beginning Retained Earnings balance?
b. When should the effects of a change in accounting principle be reported only prospectively?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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