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Explain How U

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Essay

Explain how U.S.GAAP and IFRS distinguish the accounting for (1) corrections of errors, (2) adjustments for changes in accounting principles, and (3) adjustments for changes in accounting estimates.


Definitions:

Organ of Corti

The structure within the inner ear of vertebrates that contains receptor cells that sense sound vibrations.

Tectorial Membrane

The roof membrane of the organ of Corti in the cochlea of the ear.

Basilar Membrane

The multicellular tissue in the inner ear that separates the cochlear duct from the tympanic canal; the sensory cells of the organ of Corti rest on this membrane.

Cochlea

The structure of the inner ear of mammals that contains the auditory receptors (organ of Corti).

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