Which of the following is a required disclosure in the income statement when reporting a change in accounting principle?
A)A per share amount for the cumulative effect of the change.
B)The cumulative effect on prior years net of tax.
C)The cumulative effect should be disclosed immediately after discontinued operations.
D)None of these.

Question

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The Answer of Which of the following is a required disclosure in the income statement when reporting a change in accounting principle?
A)A per share amount for the cumulative effect of the change.
B)The cumulative effect on prior years net of tax.
C)The cumulative effect should be disclosed immediately after discontinued operations.
D)None of these.

Which of the Following Is a Required Disclosure in the Income