Indicate with the appropriate letter the nature of each adjustment described below: Type of Adjustment A. Change in accounting p

Question

3 years ago

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Indicate with the appropriate letter the nature of each adjustment described below: Type of Adjustment A. Change in accounting p

rinciple (reported retrospectively) B. Change in accounting principle (exception reported prospectively) C. Change in estimate D. Change in estimate resulting from a change in accounting principle E. Change in reporting entity F. Correction of an error

Business

1 answer:

julia-pushkina [17] · Answer 1 · 2022-03-08T03:45:49+03:00

Answer:

A. Change in accounting principle (reported retrospectively) - PR

B. Change in accounting principle (exception reported prospectively) - PP

C. Change in estimate - E

D. Change in estimate resulting from a change in accounting principle - EP

E. Change in reporting entity - R

F. Correction of an error - N