What is a discontinued operation? and what is the correct accounting treatment? Explain
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What is a discontinued operation? and what is the correct accounting treatment? Explain
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- Is it still necessary to record a transaction if it has no net effect on the accounting equation? Explain your answer.What is the indirect effect of a change in accounting principle?Briefly describe the reporting of the indirect effectsof a change in accounting principle.What is the indirect effect of a change in accounting policy? Briefly describe the approach to reporting the indirect effects of a change in accounting policy under IFRS.