
Concept Introduction:
Prior period adjustment and Change in accounting estimates:
Prior period adjustments refer to transactions that have occurred due to error or omission of an old transaction. Change in accounting estimates refer to a change in the estimation or assumption made in accounting or calculating certain items. Thus any difference between the change in estimates will be adjusted in
Requirement 1
To Identify: whether situations are prior period adjustments or change in accounting estimate
Requirement 2
To Identify: whether situations are prior period adjustments or change in accounting estimate .
Requirement 3
To Identify:
whether situations are prior period adjustments or change in accounting estimate .

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Chapter 13 Solutions
Loose Leaf For Fundamental Accounting Principles Format: Loose-leaf
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