Answered: Changes in accounting principles…

Business

Accounting

Changes in accounting principles generally are reported

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 18MC: Corrections of errors that occurred on a previous periods financial statements are called ________....

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Question

Changes in accounting principles generally are reported as

Group of answer choices

A.adjustments to current period statements only.

B.adjustments to current and/or prior period statements.

C.extraordinary items.

D.adjustments to prior period statements.

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