ABC Co. change from cash basis of accounting to the accrual basis of accounting during 2021. The cumulative effect of this change should be reported in ABC's2021 financial statements as a O Prior...

question 14

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Extracted text: ABC Co. change from cash basis of accounting to the accrual basis of accounting during 2021. The cumulative effect of this change should be reported in ABC's2021 financial statements as a O Prior period adjustment resulting from the correction of an error O Component of income after extraordinary item O Prior period adjustment resulting from the change in accounting principle O Component of income before extraordinary item