Accounting changes:
A) can be a way for a company to create profits when the company can't earn enough from continuing operations.
B) must be disclosed, including their effects on earnings.
C) are allowed under GAAP if there is a valid reason for the change.
D) include all of the above.
Correct Answer:
Verified
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Q35: Extraordinary items:
A)are treated the same under IFRS
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Q40: The earnings rate used to estimate the
Q41: The existence of the Deferred Tax Liability
Q42: Earnings per share is computed for which
Q43: Companies generally use an accelerated method to
Q44: Which items are excluded from the determination
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