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Business, 23.10.2019 17:00 gshreya2005

Retrospective application of a change in accounting principle is impracticable when
1. the costs of applying the new accounting principle to prior period financial statements are material.
2. retrospective application requires that management's intent in a prior period be assumed without independent substantiation.

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Retrospective application of a change in accounting principle is impracticable when
1. the cos...
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