Which is the proper time period to record the effect of a change in accounting estimated? A. Current period and prospectively B. Current period and retrospectively C. Retrospectively D. Current period

Which is the proper time period to record the effect of a change in accounting estimated? A. Current period and prospectively B. Current period and retrospectively C. Retrospectively D. Current period

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

Chapter3: Review Of A Company's Accounting System

Section: Chapter Questions

Problem 19GI

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Question

Which is the proper time period to record the effect of a change in
accounting estimated?

A. Current period and prospectively
B. Current period and retrospectively
C. Retrospectively
D. Current period

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