If a company wishes to make a change in accounting principle in an interim period, but is not able to determine the effects of the change on the current fiscal year's previous interim periods, the entity must Multiple choice question. apply the accounting change in principle after taking approval from SEC. apply the accounting change in principle after taking approval from the tax authorities. wait until the beginning of a subsequent fiscal year to make the change in accounting principle. apply the accounting change in principle at the beginning of a preceding fiscal year.

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The correct answer is wait until the beginning of a ... View the full answer