INTERMEDIATE ACCOUNTING(LL)+ACCESS
INTERMEDIATE ACCOUNTING(LL)+ACCESS
17th Edition
ISBN: 9781119503583
Author: Kieso
Publisher: JOHN WILEY+SONS INC.
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Chapter 22, Problem 3CE
To determine

Retrospective approach: Retrospective approach means changes which have taken place due to change in accounting policies, principles, and errors in the current year but has an effect on prior years.

To consider: To consider the reporting requirements for the retrospective application.

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