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Adoption of ASC Topic 606 related to revenue recognition represents a Multiple Choice Voluntary change in accounting estimate. Voluntary change

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Adoption of ASC Topic 606 related to revenue recognition represents a

Multiple Choice
Voluntary change in accounting estimate.
Voluntary change in accounting principle.
Mandatory change in accounting principle.
Mandatory change in accounting estimate.

Expert Answer:

Answer rating: 100% (QA)

Option C i e mandatory change in the accounting principle is the correct answer ASC Topic 60 View the full answer


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Auditing Cases An Interactive Learning Approach

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Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

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Posted Date: January 25, 2022 02:47:19
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