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Business, 16.04.2020 19:41 murphyscott794

Which of the following statement is correct? A. Correction of an error related to a prior period should be considered as an adjustment to current year income. B. A change from expensing certain costs to capitalizing these costs due to an employee mistake should be handled as a change in accounting estimate C. Prior statements should be restated for changes in accounting estimates D. Changes in accounting principle are sometimes handled in the current or prospective period.

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