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The reporting treatment used when a new accounting principle is applied to the current period only and a cumulative effect adjustment is added or subtracted
The reporting treatment used when a new accounting principle is applied to the current period only and a cumulative effect adjustment is added or subtracted from beginning retained earnings of the current period is called: Select one: a. Prospective b. Introspective c. Modified retrospective d. Retrospective
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
