Which of the following accounting treatments is proper for a change in reporting entity?

a. Restatement of all financial statements presented
b. Restatement of current period financial statements
c. Note disclosure and supplementary schedules
d. Adjustment to retained earnings and note disclosure

A

Business

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Indicate whether the statement is true or false

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You should be sure that all items in a list are ____________ in structure

a. variable b. typeset c. parallel d. reversible

Business