Question: intermediate accounting II Chapter 20 Question 1: Describe how changes in accounting principle typically are reported. Question 2: Discuss the primary differences between U.S. GAAP

intermediate accounting II

Chapter 20

Question 1: Describe how changes in accounting principle typically are reported.

Question 2: Discuss the primary differences between U.S. GAAP and IFRS with respect to accounting changes and error corrections.

Question 3: Explain how and why some changes in accounting principle are reported prospectively.

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