Question
1. Companies should NOT use the same accounting principles for interim reports and for annual reports. True False 2. counterbalancing errors are errors that occur
1. Companies should NOT use the same accounting principles for interim reports and for annual reports.
True
False
2. counterbalancing errors are errors that occur in one period and correct themselves in the next period. It may or may not be necessary for a journal entry.
True
False
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
