How Are Changes in Accounting Policies and Accounting Estimates Accounted

question 48

Multiple Choice

How are changes in accounting policies and accounting estimates accounted for?
$\begin{array}{ll}&\text { Accounting } & \text { Accounting } \\&\text { Policies } & \text { Estimates }\\\hline A.&\text { Retroactively } & \text { Retroactively } \\B.&\text { Retroactively } & \text { Prospectively } \\C.&\text { Prospectively } & \text { Retroactively } \\D.&\text { Prospectively } & \text { Prospectively }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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