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    Intermediate Accounting
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    Exam 18: Additional Reporting Issues
  5. Question
    The FASB Requires Companies to Use the Prospective (In the Future)
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The FASB Requires Companies to Use the Prospective (In the Future)

Question 64

Question 64

True/False

The FASB requires companies to use the prospective (in the future) approach for reporting changes in accounting principles.

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