Question
Which of the following must be reported on the income statement as a cumulative effect of change in accounting principle? A.)Change from straight-line to double-declining-balance
Which of the following must be reported on the income statement as a cumulative effect of change in accounting principle?
A.)Change from straight-line to double-declining-balance method of computing depreciation
B.)Change from double-declining-balance to straight-line method of computing depreciation
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Auditing
Authors: Alan H. Millichamp
8th Edition
082645500X, 9780826455000
