Determine cumulative effect of applying change in accounting, Accounting Basics

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Determine cumulative effect of applying change in accounting

If it is impracticable to determine the cumulative effect of applying a change in accounting principle to any prior period, the new accounting principle shall be applied as if the change was made prospectively as of the earliest date practicable.

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Accounting Basics: Determine cumulative effect of applying change in accounting

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Accounting Basics: Determine cumulative effect of applying change in accounting

Reference No:- TGS067364

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Evaluating long-term investments

Q : Fica tax rate on income

Q : Differences in basis limitation rules for partnerships

Q : Rules on permissible tax years

Q : Determine cumulative effect of applying change in accounting

Q : Accounts receivable at the end of specific month

Q : End of year entries for heiden company

Q : Treatment of taxation in consolidated accounts

Q : Gasb rules for the financial reporting entity

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Ask an Expert for Answer!!

Accounting Basics: Determine cumulative effect of applying change in accounting

Reference No:- TGS067364

Recent Questions Asked Accounting Basics

Q : Evaluating long-term investments

Q : Fica tax rate on income

Q : Differences in basis limitation rules for partnerships

Q : Rules on permissible tax years

Q : Determine cumulative effect of applying change in accounting

Q : Accounts receivable at the end of specific month

Q : End of year entries for heiden company

Q : Treatment of taxation in consolidated accounts

Q : Gasb rules for the financial reporting entity

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