Which One of the Following Is Not a Required Disclosure

question 57

Multiple Choice

Which one of the following is not a required disclosure for a change in reporting entity?

• A) the nature of the change and the reason for the change
• B) the effect of the change on income from continuing operations
• C) the effect of the change on operating expenses
• D) the effect of the change on other comprehensive income

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Definitions:

Salvage Value

An asset's expected selling price once it has concluded its functional life.

Financially Attractive

Describes an investment, project, or acquisition that promises significant financial returns or benefits.

Discount Rate

This particular interest rate is utilized for assessing the present value of cash flows to be received in the future, as per discounted cash flow analysis.

Profitability Index

A financial tool used to evaluate the desirability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.