Retrospective Changes Require All but Which of the Following

question 83

Multiple Choice

Retrospective changes require all but which of the following?

• A) restatement of financial statements to reflect the effects of the change for each period presented
• B) adjustments to assets and liabilities to reflect the cumulative effect of the change on periods prior to those presented
• C) detailed numerical comparisons of all prior periods to restated statements
• D) retained earnings restated for the cumulative effect of the change on income for periods prior to those presented

---

Definitions:

Ventral Surface

The front or anterior part of the body in humans, or the lower or belly side in animals.

Cephalic

Pertaining to the head or the head end of the body.

Trapezius

A large, triangular muscle extending over the back of the neck and shoulders that moves the head and shoulder blade.

Distinct Muscles

Specific, individual muscles that are easily identifiable and separate from others in the body's muscular system.