Business, 05.09.2019 04:10 cpcoolestkid4

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...