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murzikaleks [220]
1 year ago
13

When financial statements are revised to reflect the impact of a change in accounting principle, the ______ approach is used.

SAT
1 answer:
Aleksandr-060686 [28]1 year ago
7 0

When financial statements are revised to reflect the impact of a change in accounting principle, the <u>retrospective </u>approach is used.

<h3>What is financial statement?</h3>

Financial statement is use to record a company financial position as well as day to day operation or activities.

Hence, retrospective approach are often used in a situation where  financial statements are revised so as to reflect the impact of a change in accounting principle.

Learn more about Financial statement here:brainly.com/question/22941895

#SPJ1

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How far, in kilometers, is it from Cornell University in Ithaca, NY to SUNY Albany, in Albany, NY?
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288.07 kilometers

Explanation:

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3 years ago
In a survey of employee satisfaction, 60% of the employees are male and 45% of the employees are satisfied. What is the probabil
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The probability of being a male and a satisfied employee is 27%

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The probability of being a male P(m) = 60% = 60/100 = 0.6

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Mathematically, the probability of being a male and satisfied = Probability of being a male * Probability of being a satisfied employee = P(m) * P(s) = 0.6 * 0.45 = 0.27

or simply 27/100 which is same as 27%

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A few years ago, it came as a surprise when apple's iphone 4 was found to have a problem. Users complained of weak reception, an
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<h3>Sample statistic</h3>

This refers to the figures which are computed through the available data for

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The population being all iphone 4 user is true because it is the item that has

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Read more about Sample statistic here brainly.com/question/16840464

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