ACC 306 Week 5 E 20-18 Classifying accounting changes - Indicate with the appropriate letter the nature of each situation described below

E 20–18 Classifying accounting changes ● LO1 through LO5

Indicate with the appropriate letter the nature of each situation described below:

PR           Change in principle reported retrospectively

PP           Change in principle reported prospectively

E              Change in estimate

EP           Change in estimate resulting from a change in principle

R             Change in reporting entity

N             Not an accounting change

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