Where There Are Changes in Accounting Policies That Create Initial

Where there are changes in accounting policies that create initial gains or losses on the first adoption of a new accounting rule:

A) The gains and losses can be included in the period's income statement.
B) The gains or losses are recorded as assets or liabilities, and are amortised over the specified period.
C) The gains or losses can be adjusted against closing retained earnings.
D) The gains or losses can be adjusted against opening retained earnings.
E) The gains or losses can be adjusted against the 'Reserves' recorded in the Equity section of the balance sheet.