Because business markets are predominately about aesthetics and taste, they are inherently more global in nature than consumer markets, which are predominately about functionality and performance

The growth of powerful communications technologies and the emergence of world cultures have failed to create a foundation for global markets

Indicate whether the statement is true or false

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