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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 22: Accounting for Changes and Errors
  5. Question
    A Change in Accounting Principle Because an Accounting Standard Update
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A Change in Accounting Principle Because an Accounting Standard Update

Question 107

Question 107

True/False

A change in accounting principle because an Accounting Standard Update has been issued and the former principle is no longer generally accepted is treated under the prospective method.

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