If significant changes are made in the accounting principles applied from one period to the next, why

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If significant changes are made in the accounting principles applied from one period to the next, why should the effect of these changes be disclosed in the financial statements?

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: May 29, 2012 05:27 AM

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If significant changes are made in the accounting principles applied from one period to the next, why

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Readers of the financial statements should be able to assume that the successive financial st...View the full answer

Financial Accounting An Integrated Statements Approach

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