Which type of accounting change should always be accounted for in current and future periods? Change in accounting policy Change in reporting entity Change in accounting estimate Correction of an error

Which type of accounting change should always be accounted for in current and future periods? Change in accounting policy Change in reporting entity Change in accounting estimate Correction of an error

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.2: Golden Bear Golf, Inc.

Problem 5Q

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Which type of accounting change should always be accounted for in current and future periods?

Change in accounting policy
Change in reporting entity
Change in accounting estimate
Correction of an error

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Accounting Policies, Changes in Accounting Estimates and Errors

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