An accounting change that requires the retrospective approach is a change in A. The percentage used to
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Question:
An accounting change that requires the retrospective approach is a change in
A. The percentage used to determine the allowance for bad debts.
B. Revenue for long term contract from percentage of completion to cost recovery method
C. The life of equipment from five to seven years.
D. Depreciation method from straight-line to double-declining-balance.
Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
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