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Evaluate each of the following independent situations to determine the type of accounting change (correction of error, change in accounting policy, or change in estimate)
Evaluate each of the following independent situations to determine the type of accounting change (correction of error, change in accounting policy, or change in estimate) and the appropriate accounting treatment (retrospective or prospective). (Prospective, Retrospective but most likely unable to restate prior periods, Retrospective with restatement of prior periods)
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