A Change in Accounting Principle Requires What Kind of Adjustment

question 29

Multiple Choice

A change in accounting principle requires what kind of adjustment to the financial statements?

• A) Current period adjustment.
• B) Prospective adjustment.
• C) Retrospective adjustment.
• D) Current and prospective adjustment.

---

Definitions:

Send Backward

A function in graphic software to move a selected object one layer back in the stacking order, behind other objects.

Overlapping

The placement of objects in a way that they partially or completely cover each other in a design or visual arrangement.

Date Picker

An interactive calendar interface that allows users to easily select specific dates within applications or websites.

Content Control

Features in software applications that allow the restriction and management of content to ensure integrity and compliance with standards or policies.