30. A change in accounting policy (which does not result from the initial application of an international standard) must normally be accounted for. O Prospectively unless it is impracticable to do so O Retrospectively O Either retrospectively or prospectively O Prospectively

30. A change in accounting policy (which does not result from the initial application of an international standard) must normally be accounted for. O Prospectively unless it is impracticable to do so O Retrospectively O Either retrospectively or prospectively O Prospectively

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 4C: When the FASB issues a new generally accepted accounting principle, it may require companies to...

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30. A change in accounting policy (which does not result from the initial application of an
international standard) must normally be accounted for.
Prospectively unless it is impracticable to do so
O Retrospectively
O Either retrospectively or prospectively
O Prospectively

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