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    Financial Accounting Study Set 6
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    Exam 11: The Income Statement the Statement of Stockholders Equity
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    Changes in Accounting Estimates
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Changes in Accounting Estimates

Question 61

Question 61

Multiple Choice

Changes in accounting estimates:


A) are reported for the current and future periods on the new basis.
B) require prior financial statements to be restated.
C) are not allowed under GAAP.
D) are a prior period adjustment.

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