Regardless of whether a change isaccounted for prospectively, or retroactively,

ID: 2433741 • Letter: R

Question

Regardless of whether a change isaccounted for prospectively, or retroactively, the most importantresponsibility is: 1) To properly determinethe tax effect. 2) To communicate that achange has occurred. 3) To compute thecorrect amount of the change. 4) None of theabove. Regardless of whether a change isaccounted for prospectively, or retroactively, the most importantresponsibility is: Regardless of whether a change isaccounted for prospectively, or retroactively, the most importantresponsibility is: To properly determinethe tax effect. To communicate that achange has occurred. To compute thecorrect amount of the change. None of theabove. 1) To properly determinethe tax effect. 2) To communicate that achange has occurred. 3) To compute thecorrect amount of the change. 4) None of theabove.

Explanation / Answer

Regardless of whether a change isaccounted for prospectively, or retroactively, the most importantresponsibility is: Regardless of whether a change isaccounted for prospectively, or retroactively, the most importantresponsibility is: To properly determinethe tax effect. To communicate that achange has occurred. To compute thecorrect amount of the change. None of theabove. 1) To properly determinethe tax effect. 2) To communicate that achange has occurred. 3) To compute thecorrect amount of the change. 4) None of theabove.

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Regardless of whether a change isaccounted for prospectively, or retroactively,

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