Intermediate Accounting
Intermediate Accounting
1st Edition
ISBN: 9780132162302
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 3, Problem 3.1E

Exercises

E3-1. Accounting Policy Disclosures. To compare entities in the same industry, it is important to determine the accounting methods used by each firm. Answer the following questions regarding accounting methods.

  1. a. Where do firms provide information about their accounting methods?
  2. b. Provide at least two examples of the accounting methods commonly covered in your first accounting course.
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