Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 24 - Full Disclosure in Financial Reporting - Review and Practice - Questions - Page 1445: 17

Answer

Accounting problems related to a presentation of interim data include; 1. Difficulties in allocating such annual costs as income taxes, pensions, depreciation, etc., to a particular quarter. 2. Changes in accounting policies and estimates.

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