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QUESTION 9 Most changes in accounting policies are recorded and reported retrospectively. In a few situations, though, the changes should be reported prospectively. When is

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QUESTION 9 Most changes in accounting policies are recorded and reported retrospectively. In a few situations, though, the changes should be reported prospectively. When is prospective application appropriate? (5 marks) TT T Arial 3 (12pt) is i ve and Submit to save and submit. Click Save All Answers to save all answers. Save (hp f 10 5 6 & 7 8

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