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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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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