How Would a Company Report a Change in an Accounting

question 7

Multiple Choice

How would a company report a change in an accounting principle made on the last day of the third quarter?

• A)Retrospective application to all pre-change interim periods reported.
• B)No change is required.
• C)Apply to current and prospective interim periods only.
• D)Apply to prospective interim periods only.

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Definitions:

Network

A group of interconnected computers and devices that share resources and data through communication channels.

Your Employer

The individual, company, or organization that hires and pays you for your work or services.

Message Area

A designated space in a user interface where messages, notifications, or texts are displayed.

Domain Name

A domain name is an internet address that is used to identify and locate websites; it is also a part of an email or network address that identifies its belonging to a particular domain.