Which One of the Following Would Not Be a Required

question 41

Multiple Choice

Which one of the following would not be a required disclosure for a change in accounting principle?

• A) description of the nature of the change
• B) management's justification for the change
• C) the estimated effect on future earnings per share
• D) cumulative effect of the change on retained earnings for the first year presented

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Definitions:

Absolute Scale

A measurement system that has a fixed starting point or zero value, facilitating the comparison of absolute quantities.

GLOBE Model

A research paradigm that examines the impact of culture on leadership effectiveness and organizational behavior across societies.

Cultural Dimensions

Frameworks or models that describe the effects of a society's culture on the values and behaviors of its members, often used in cross-cultural communication and business practices.

Future Orientation

The degree to which individuals or organizations focus on and plan for future events and possibilities.