Which of the Following Disclosures Is Not Required for a Change

question 40

Multiple Choice

Which of the following disclosures is not required for a change from average cost to FIFO?

• A)Basic and diluted earnings per share for the current period and each prior period presented
• B)The nature of the change in accounting policy
• C)The amount of the adjustment relating to periods before those presented
• D)All of these answer choices are required.

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Definitions:

Megaphone

A metaphor to describe a means or channel that amplifies or broadcasts messages to a wide audience.

Magnet

In marketing, refers to an offer or content that attracts potential customers by addressing their needs or interests, much like a magnet attracts ferrous objects.

Monitor

The act of closely observing or tracking activities, changes, or performances, often using tools or software, for purposes like security, quality control, or data collection.

Owned Media

Media channels that a brand has full control over, such as their websites, blogs, or social media profiles, where they can publish and distribute content directly.