Quiz 20.24 – Accounting Changes: Retrospective Approach

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Which of the following changes would require the use of the retrospective approach for accounting purposes?

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  • Search Terms: a accounted accounting approach? a) asset. b) balance be by change changes completed. construction contract contracts costing declining depreciable depreciation. c) estimated following for from in inventories. d) is life lifo long-term method of over rather recognizing retrospective revenue should straight-line than the time to using when which
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