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    Business
  3. Study Set
    Intermediate Accounting Study Set 9
  4. Exam
    Exam 22: Accounting Changes and Error Analysis
  5. Question
    Both IFRS and U
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Both IFRS and U

Question 2

Question 2

True/False

Both IFRS and U.S. GAAP allow that if determining the effect of a change in accounting principle is considered impracticable, then a company should report the effect of the change in the period in which it believes it practicable to do so.

Correct Answer:

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