Which of the following statements about changes in accounting estimates are correct? (Select all that apply.) a) A revision of an original estimate made in bad faith should be accounted for as a correction of an error. b) Changes in accounting estimates are accounted for prospectively. c) Changes in accounting estimates are accounted for retrospectively. d) When a company revises a previous estimate, prior financial statements are revised. e) When a company revises a previous estimate, prior financial statements are not revised.
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