When applying retrospective adjustments, current GAAP requires the change to be applied so that it includes
A) only the years disclosed in the currently published financial statements.
B) all possible years.
C) only the earliest possible date from which it can be applied prospectively.
D) retroactive application for up to two years and prospective application for the remainder of the periods.
C
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You should define the scope of the topic during the opening so the audience does not ask unnecessary questions
Indicate whether the statement is true or false
Video résumés? A) ?present a job candidate's experiences, qualifications, and interests in video form
B) ?are appropriate for all professional fields. C) ?should be at least 15 minutes in length to showcase a candidate's background and skills. D) ?are appropriate only for individuals who are applying for management-related positions.
Stock A has a beta of 0.8, Stock B has a beta of 1.0, and Stock C has a beta of 1.2. Portfolio P has 1/3 of its value invested in each stock. Each stock has a standard deviation of 25%, and their returns are independent of one another, i.e., the correlation coefficients between each pair of stocks is zero. Assuming the market is in equilibrium, which of the following statements is CORRECT?
A. Portfolio P's expected return is greater than the expected return on Stock B. B. Portfolio P's expected return is equal to the expected return on Stock A. C. Portfolio P's expected return is less than the expected return on Stock B. D. Portfolio P's expected return is equal to the expected return on Stock B. E. Portfolio P's expected return is greater than the expected return on Stock C.
Which of the following statements about claim settlement is (are) true?
I. The fair payment of claims requires an insurer to adopt a very liberal claims policy. II. To prevent lawsuits, an insurer should provide no personal assistance to a claimant other than that which is required by contractual obligations. A) I only B) II only C) both I and II D) neither I nor II