The FASB takes the position that companies should retrospectively apply the indirect effects of a change in accounting principle.
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Q3: A change in accounting principle results when
Q4: If the previously used accounting principle was
Q5: The FASB requires companies to use the
Q6: When a company changes an accounting principle
Q7: When a company changes an accounting principle,
Q9: Companies should use retrospective application if the
Q10: If it becomes impracticable to use retrospective
Q11: If a change in an accounting estimate
Q12: When it is impossible to determine whether
Q13: Companies account for a change in depreciation
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