Multiple Choice
In cases where it is not practicable to determine the effect of applying a change in accounting principle to a prior period, GAAP requires
A) the change to be made prospectively
B) the change be made retrospectively to the earliest date practicable
C) that comparative financial statements for the present year with and without the change in accounting principle be shown
D) a and b
Correct Answer:
Verified
Correct Answer:
Verified
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