Where a Business Makes a Change in an Accounting Policy,it

question 6

Multiple Choice

Where a business makes a change in an accounting policy,it must disclose:

• A) only the nature of the change and the reasons for it
• B) the nature of the change, the reasons for it and the financial effects of the change if it will affect the results of future periods
• C) the nature of the change, the reasons for it and the financial effects of the change if it has affected the current period's results or may affect the results of future periods
• D) the nature of the change, the reasons for it and the financial effects of the change if it has affected the current period's results

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Definitions:

End-Of-Life Decision

Choices made regarding care and treatment options for individuals who are nearing the end of their life, focusing on comfort and quality of life.

Vigorously

Performed with force, energy, or intense activity.

Journal

A periodic publication that focuses on a particular academic field or area of interest, containing articles, studies, and research findings.

Spiritual Concept

refers to ideas, beliefs, or principles related to the soul, spirit, or sacred matters, playing a role in an individual's sense of meaning and purpose in life.