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  3. Study Set
    Intermediate Accounting
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    Exam 18: Additional Reporting Issues
  5. Question
    According to the FASB, Which Approach Is Required for Reporting
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According to the FASB, Which Approach Is Required for Reporting

Question 51

Question 51

Multiple Choice

According to the FASB, which approach is required for reporting changes in an accounting principle?


A) Currently
B) Retrospectively
C) Prospectively
D) Futuristically

Correct Answer:

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