Accounting ac302 Study guides, Class notes & Summaries

(Test Bank)Intermediate Microeconomics A Modern Approach 9th Edition by Varian.

(Test Bank)Intermediate Microeconomics A Modern Approach 9th Edition by Varian.

Test Bank Intermediate Microeconomics A Modern Approach 9th Edition by Varian.

1. Question: A change in accounting principle from one that is not generally accepted to one that is generally accepted should be treated as an error and corrected by prior period adjustment a change in accounting principle and the cumulative effect included in net income a change in accounting principle and prior period financial statements are restated a change in accounting principle and adjustments made prospectively Poi...