Which of the following is characteristic of a change in accounting principle?
a. Requires the reporting of pro forma amounts for prior periods
b. Does not affect the financial statements of prior periods
c. Never needs to be disclosed
d. Should be reported by retrospectively adjusting the financial statements for all years reported, and reporting the cumulative effect of the change in income for all preceding years as an adjustment to the beginning balance of retained earnings for the earliest year reported
D
You might also like to view...
A(n) ________ measures the direction and strength between the independent variable and the dependent variable
Fill in the blanks with correct word
The linear program that results from dropping the integer requirements for the variables in an integer linear program is known as
A. convex hull. B. a mixed-integer linear program. C. LP relaxation. D. a binary integer linear program.
The process of influencing people to work toward a common goal is
A. motivating. B. leading. C. a sign of an autocratic leader. D. a hands-off approach. E. implementing.
________ theory expands a manager's understanding of motivation to include the effects of a person's thoughts and beliefs.
A. Vicarious learning B. Operant conditioning C. Social learning D. ERG E. Goal-setting