Companies report changes in accounting estimates retrospectively.
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Q4: Accounting errors include changes in estimates that
Q5: Adoption of a new principle in recognition
Q6: When changing from the equity method to
Q7: If an FASB standard creates a new
Q8: Retrospective application refers to the application of
Q10: When companies make changes that result in
Q11: Errors in financial statements result from mathematical
Q12: One of the disclosure requirements for a
Q13: When it is impossible to determine whether
Q14: Companies record corrections of errors from prior
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