Which of the Following Best Describes the Treatment Given a Change

question 51

Multiple Choice

Which of the following best describes the treatment given a change in accounting principles made during the second quarter?

• A)​The cumulative effect should be recognized in the quarter in which the decision to change is made.
• B)​Regardless of the quarter of change, the recognition is deferred until year end.
• C)​All prior interim periods are retrospectively restated.
• D)​Interim periods prior to the period of change are not restated.

---

Definitions:

Pituitary

A small, pea-sized gland located at the base of the brain, often termed the "master gland" because it secretes hormones that regulate other glands and many body functions including growth, reproduction, and metabolism.

Medial Forebrain Bundle

A neural pathway in the brain involved in the regulation of reward, pleasure, and addiction.

Brainstem Structures

The lower part of the brain that connects the cerebrum with the spinal cord and controls basic life functions such as breathing.

Limbic System

A complex system of nerves and networks in the brain, associated with instincts, moods, and emotions.