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QUESTION
Give an example of when a change in accounting needs to be treated retrospectively. Give an example of when a change in accounting needs to be treated prospectively. Why do you think the FASB requires
Give an example of when a change in accounting needs to be treated retrospectively.
Give an example of when a change in accounting needs to be treated prospectively.
Why do you think the FASB requires these different treatments?
2 pages references needed
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