What are examples of irregular items? How does a change in accounting principles affect the financial statements? Who in the organization is responsible for the application of a change in an accounting principle? Why?
What are examples of irregular items?
Discontinued operations: “….refers to the disposal of a significant component of a business” (Kimmel, Weygandt, & Kieso, 2007, p. 647). Reporting discontinued operations separately from income from continuing operations reflects the separate effects of continuing operations and discontinued operations on net income...
What are examples of irregular