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Business
Intermediate Accounting
Quiz 20: Accounting Changes
Why Is the Retrospective Approach Conceptually Appropriate for Changes in Accounting
Question 31
Essay
Why is the retrospective approach conceptually appropriate for changes in accounting policy?
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Q 32
How should enterprises reflect changes in accounting standards?
Q 33
What are two reasons why an accounting change may be permitted to give modified retrospective or prospective treatment?
Q 34
Why are retrospective adjustments to past years' income and expenses recorded directly in retained earnings?
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