Which One of the Following Would Not Be a Required

question 41

Multiple Choice

Which one of the following would not be a required disclosure for a change in accounting principle?

• A) description of the nature of the change
• B) management's justification for the change
• C) the estimated effect on future earnings per share
• D) cumulative effect of the change on retained earnings for the first year presented

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Definitions:

Acquired Skills

Abilities or expertise developed over time through practice and learning, as opposed to those that are innate or inherited.

Analytical

Pertaining to the use of analysis or logical reasoning to solve problems or make decisions.

Sternberg's Intelligence Types

A theory that divides intelligence into three types: analytical, creative, and practical, suggesting that intelligence is more complex than conventional measures.

Gardner's Theory

A model proposed by Howard Gardner that suggests intelligence is multi-faceted, consisting of different modalities such as linguistic, logical-mathematical, and interpersonal intelligence.