Direct effects of changes in an accounting principle are those necessary to implement the change and are applied retrospectively.
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Q3: Accounting changes are only permitted when _.
A)
Q4: Accounting principle changes are generally handled retrospectively.
Q5: Describe the two methods for reporting accounting
Q6: Retrospective changes require all but which of
Q7: Accounting estimate changes are handled prospectively.
Q9: Accounting entity changes are handled prospectively.
Q10: Changes in accounting principles can be mandatory
Q11: Prospective changes require changes be made to
Q12: Explain why comparability and consistency are considerations
Q13: Indirect effects of changes in an accounting
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