Which of the Following Is Not a Change in Reporting

question 49

Multiple Choice

Which of the following is not a change in reporting entity?

• A) Reporting using comparative financial statements for the first time.
• B) Changing the companies that comprise a consolidated group.
• C) Presenting consolidated financial statements for the first time.
• D) All are changes in reporting entity.

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Definitions:

Acinar Cells

Cells in the pancreas that produce digestive enzymes, which are secreted into the small intestine to aid in the digestion of food.

Gamma Cells

Gamma cells, often referred to in the context of the pancreas as pancreatic gamma cells, are a type of cell responsible for the regulation of certain hormones, although less commonly discussed compared to alpha and beta cells.

Glucagon

A hormone produced by the pancreas that raises blood glucose levels by promoting the breakdown of glycogen to glucose in the liver.

Liver

A vital organ in vertebrates that performs a wide range of functions, including detoxification, protein synthesis, and the production of biochemicals necessary for digestion.