Prior period adjustments to financial statements can result from:
A) Changes in accounting estimates.
B) Unacceptable accounting practices.
C) Discontinued operations.
D) Changes in tax law.
E) Extraordinary items.
B) Unacceptable accounting practices.
You might also like to view...
What is the most important factor that contributes to competitiveness?
What will be an ideal response?
How a customer defines desired levels of service is more likely to change than how adequate levels of service are defined.
Answer the following statement true (T) or false (F)
Which of the following statements is true of a laboratory experiment?
A) It takes place in a realistic environment. B) It has low internal validity. C) The experimenter cannot control the environment easily. D) It has low external validity.
Omega Inc makes lightweight sunglasses with 100-percent UV protection for people who love to hunt, hike, and ride bikes
The company's long-term plans include the development of lenses that, in addition to protecting users from UV rays, would help reduce lens spotting through effective water-sheeting methods. This new feature would be valuable to people who fish. Given the rising popularity of recreational fishing in the United States, Omega products clearly have a huge market potential. In terms of a SWOT analysis, Omega has recognized a market ________. A) weakness B) strength C) threat D) opportunity E) challenge