The Modified Retrospective Approach Requires

question 57

Multiple Choice

The modified retrospective approach requires:

• A) a modification of prior years' financial statements.
• B) a journal entry to adjust account balances in the beginning of the year of change.
• C) both a modification of prior years' financial statements and a journal entry to adjust account balances in the beginning of the year of change.
• D) neither a modification of prior years' financial statements nor a journal entry to adjust account balances in the beginning of the year of change.

---

Definitions:

DNA Sequences

DNA sequences are the specific arrangements of nucleotides (adenine, thymine, cytosine, and guanine) on a strand of DNA that encode the genetic information of an organism.

Gene Flow

Describes the movement, or migration, of alleles from one population to another.

Genetic Drift

Genetic drift is evolution arising from random changes in the genetic composition of a population from one generation to the next.

Phylogenetic Tree

A diagram that depicts the evolutionary relationships among various biological species or entities based upon similarities and differences in their physical and/or genetic characteristics.