There are two methods of reporting an accounting


There are two methods of reporting an accounting change: (a) retrospective adjustment and (b) prospectively. Indicate which method is used for the following changes by writing either (a) or (b) on the line after the change.


1. Change in reporting entity______________

2. Change in accounting principle__________

3. Change in accounting estimate__________

Solution Preview :

Prepared by a verified Expert
Accounting Basics: There are two methods of reporting an accounting
Reference No:- TGS01151720

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)