A change in an accounting estimate is:
a) Reflected in past financial statements.
b) Reflecte...
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A change in an accounting estimate is:
a) Reflected in past financial statements.
b) Reflected in future financial statements and also requires modification of past statements.
c) Reflected in current and future years' financial statements, not in prior statements.
d) Not allowed under current accounting rules.
e) Considered an error in the financial statements.
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