Generally Accepted Methods of Accounting for a Change in Accounting

question 70

Multiple Choice

Generally accepted methods of accounting for a change in accounting principle include

• A)restating prior years' financial statements presented for comparative purposes
• B)including the cumulative effect of the change in net income
• C)prospective changes
• D)making a prior period adjustment

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Definitions:

Floater

A nonsterile assistant who is free to move about the room during surgery and attend to unsterile needs.

Reaction To The Anesthetic

A patient's physical or psychological response to anesthesia, which can range from mild side effects to severe allergic reactions.

Antiseptic

Substances that prevent the growth of bacteria or other microorganisms, often used in cleaning wounds.

Fenestrated Drape

A drape that has a round or slit-like opening that provides access to the surgical site.