The effect of a change in accounting principle that is inseparable from the effect of a change
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Question:
The effect of a change in accounting principle that is inseparable from the effect of a change in accounting estimate should be reported
a. By restating the financial statements of all prior periods presented.
b. As a correction of an error.
c. As a component of income from continuing operations, in the period of change and future periods if the change affects both.
d. As a separate disclosure after income from continuing operations, in the period of change and future periods if the change affects both.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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