Answered: A change in accounting estimate…

A change in accounting estimate affects? a) Prior periods only b) Current and future periods c) Current period only d) All periods equally

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 1MC: The cumulative effect of an accounting change should generally be reported as an adjustment to the...

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3 PTS

A change in accounting estimate affects?
a) Prior periods only
b) Current and future periods
c) Current period only
d) All periods equally

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