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When an accounting change is reported under the retrospective approach, account balances in the general ledger are Question 10 options: A) adjusted to what they
When an accounting change is reported under the retrospective approach, account balances in the general ledger are Question 10 options:
A)
adjusted to what they would have been had the new method been used in previous years.
B)
adjusted net of the tax effect.
C)
not adjusted.
D)
closed out and then updated.
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