The cumulative effect of most changes in accounting principles is reported: In the income statement between extraordinary
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Question:
The cumulative effect of most changes in accounting principles is reported:
In the income statement between extraordinary items and net income.
In the income statement after income and before income tax.
In the income statement between discontinued operations and extraordinary items.
In the balance sheet accounts are affected.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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