A Change from One Acceptable Accounting Method to Another Is

question 62

Multiple Choice

A change from one acceptable accounting method to another is reported

• A) on the statement of retained earnings, as a correction to the beginning balance
• B) on the income statement, below income from continuing operations
• C) on the income statement, above income tax expense
• D) through a retroactive restatement of prior period earnings

---

Definitions:

Male

Refers to the biological sex that produces small, mobile gametes, typically associated with XY chromosomes in many species.

Combinations

The selection of items from a collection, such that the order of selection does not matter, often used in probability and statistics.

Distinguishable

The quality of being clearly different or distinct in character or appearance, making something recognizable or understandable.

Ordered Arrangements

Refers to the organization of elements in a specific sequence where the order of these elements is important.