Explain why changes in accounting policies and corrections of errors have an effect on retained earnings.

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Question Posted: Feb 26, 2015 11:54 AM

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Explain why changes in accounting policies and corrections of errors have an effect on retained earnings.

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When an accounting policy is changed its applied retroactively so the retained earn...View the full answer

Financial Accounting A Critical Approach

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