Business, 04.09.2019 05:30 james8781

Which of the following statements about changes in accounting estimates are correct? (select all that apply.)a) a revision of an original estimate made in bad faith should be accounted for as a correction of an error. b) changes in accounting estimates are accounted for prospectively. c) changes in accounting estimates are accounted for retrospectively. d) when a company revises a previous estimate, prior financial statements are revised. e ) when a company revises a previous estimate, prior financial statements are not revised.

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Which of the following statements about changes in accounting estimates are correct? (select all th...

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