Question
A change in accounting principle requires that the cumulative effect of the change for prior periods be shown as an adjustment to: Beginning retained earnings
A change in accounting principle requires that the cumulative effect of the change for prior periods be shown as an adjustment to:
Beginning retained earnings of the earliest period presented
Comprehensive income for the earliest period presented
Stockholders' equity of the period in which the change occurred
Net income of the period in which the change occurred
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
