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  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 5: Corporate Reporting: Income, earnings Per Share, and Retained Earnings
  5. Question
    The Cumulative Effect of Changing Accounting Principles Is Only Reported
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The Cumulative Effect of Changing Accounting Principles Is Only Reported

Question 21

Question 21

True/False

The cumulative effect of changing accounting principles is only reported for the year of the change.

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