Quiz 20 - 1.

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1.   Which of the following disclosures is required for a change from sum-of-the-years-digits to straight-line?    Student Response Value Correct Answer Feedback A. The cumulative effect  on prior years, net of  tax, in the current  retained earnings  statement      B. Restatement of prior  years’ income  statements      C.  Recomputation of  current and future  years’ depreciation 100%       D.  All of these are  required.       Score: 1/1    2.      Which of the following is  not  treated as a change in accounting principle?    Score:
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1/1    3.        Which type of accounting change should always be accounted for in current and future periods?    Student Response Value Correct Answer Feedback A.  Change in accounting principle      B.  Change in reporting entity      C.  Change in accounting estimate  d. Correction of an error 100%       Score: 1/1   
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4.  
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Quiz 20 - 1.

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