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    Business
  3. Study Set
    Managerial Accounting for Undergraduates
  4. Exam
    Exam 14: Analysis and Interpretation of Financial Statements
  5. Question
    A Change in an Accounting Principle Is Reflected Through Adjustments
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A Change in an Accounting Principle Is Reflected Through Adjustments

Question 67

Question 67

True/False

A change in an accounting principle is reflected through adjustments to future financial statements and, therefore, requires no retroactive or present adjustments to financial statements.

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