All of the Following Statements Regarding Changes in Accounting Principle

question 225

Multiple Choice

All of the following statements regarding changes in accounting principle are true except

• A) most changes in accounting principle are retroactively reported.
• B) changes in accounting principle are allowed when new principles are preferable to old ones.
• C) most changes in accounting principle are only reported in current periods when the principle change takes place.
• D) consistency is one of the biggest concerns when a change in accounting principle is undertaken.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Worthless Securities

Financial instruments that have lost all monetary value, often resulting in a total loss for the holder.

Holder in Due Course

A legal term for a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights to it free from many defenses.

Restrictive Indorsement

A signature on a negotiable instrument, such as a check, that limits how the instrument can be used.

Depositary Banks

Banks that hold securities (such as shares or bonds) in custody for other parties, facilitating securities trades and dividend payments.