Accountants very often are required to make estimates, and very often those estimates prove incorrect. In what

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Accountants very often are required to make estimates, and very often those estimates prove incorrect. In what period(s) is the effect of a change in an accounting estimate reported?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jun 24, 2013 07:12 AM

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Accountants very often are required to make estimates, and very often those estimates prove incorrect. In what

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A change in accounting estimate is accounted for in the year of the ch...View the full answer

Intermediate Accounting

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