The symbol used to identify a company and its brands is a(n)

Liability risks can be more severe than property risks.

a. true b. false

In its December 31, 2013 financial statements, E-Z Prices estimated that losses on its current receivables would be $10.2 million. During 2014, E-Z Prices determined that the losses on the Dec. 31, 2013, receivables were actually $12.4 million. Ignoring taxes, E-Z Prices would report, in its 2014 financial statements, the additional $2.2 million loss on receivables as:

A. An extraordinary item. B. A prior period adjustment. C. A retroactive adjustment. D. A current year's expense.