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correction of an error in previously issued financial statements requires restatement of all prior financial statements presented to correct the error(s) in those financials. requires
correction of an error in previously issued financial statements requires restatement of all prior financial statements presented to correct the error(s) in those financials. requires revision in all prior accounting estimates to update those estimates. is not an accounting change. is a change in an accounting principle
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
