Intermediate Accounting
Intermediate Accounting
1st Edition
ISBN: 9780132162302
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
Question
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Chapter 21, Problem 21.7P

a.

To determine

To prepare: Journal entry to record the accounting change made in 2016.

b.

To determine

Cumulative effect of the accounting changes made in 2016.

c.

To determine

To prepare: Multiple step income statement for JEC.

d.

To determine

To prepare: The footnote for the accounting changes in 2016.

e.

To determine

To prepare: Retained earnings column of statement of stockholder’s equity for the year ended 31 December, 2016.

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