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Accounting for a retrospective change requires reissuing all prior financial statements affected by the change reporting the catch-up adjustment on the current income statement.
Accounting for a retrospective change requires reissuing all prior financial statements affected by the change reporting the "catch-up" adjustment on the current income statement. adjusting the opening balance of each affected component of equity for the current year. O adjusting the ending balance of retained earnings for the current year. 4nts ENG 947 AM 2023-04-06
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
16th Edition
78110939, 978-0078110931
