Question
Kennedy Corporation changes its method of accounting for leases for tax purposes to conform with the financial accounting method. As a result, both deferred and
Kennedy Corporation changes its method of accounting for leases for tax purposes to conform with the financial accounting method. As a result, both deferred and current taxes payable changed substantially.
What is the type of accounting change, if any?
Does the company restate prior-year financial statements? on intermediate Accounting
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
