Quiz 20.30 – Accounting Changes and General Ledger Adjustments

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Under the retrospective approach, how are account balances in the general ledger adjusted when an accounting change is reported?

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  • Search Terms: account accounting adjusted adjusted. b) an and approach, are balances been change closed effect. d) general had have in is ledger: a) method net new not of out previous reported retrospective tax the then they to under updated. c) used what when would years.
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