Type of accounting change


Question: JAR recorded a liability in 2009 for probable litigation losses totaling $4 million. Ultimately, $5 million of claims were filed.

What type of accounting change is this and how would it be treated?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Type of accounting change
Reference No:- TGS01923547

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)