Instructions . Use an appropriate source to identify two firms that recently reported a voluntary change in

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Instructions .

Use an appropriate source to identify two firms that recently reported a voluntary change in accounting principle. Answer the following questions with regard to each of the companies.

(a) What is the name of the company? What source did you use to identify the company?

(b) How did the change impact current earnings?

(c) How will the change impact future earnings?

(d) What rationale did the firm’s management offer for the change? Do you agree with their stated reasons?

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Intermediate Accounting 2007 FASB Update Volume 2

ISBN: 9780470128763

12th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Jun 26, 2024 01:24 AM

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Instructions . Use an appropriate source to identify two firms that recently reported a voluntary change in

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Intermediate Accounting 2007 FASB Update Volume 2

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