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  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 13: Accounting for Corporations
  5. Question
    Changes in Accounting Estimates Are
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Changes in Accounting Estimates Are

Question 3

Question 3

Multiple Choice

Changes in accounting estimates are:


A) Accounted for with a cumulative "catch-up" adjustment.
B) Accounted for in current and future periods.
C) Considered accounting errors.
D) Extraordinary items.
E) Reported as prior period adjustments.

Correct Answer:

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