Question

A change in the liability for warranty costs requires a. presenting prior-period financial statements as previously reported. b. presenting the effect of pro forma data on income and earnings per share for all prior periods presented. c. reporting an adjustment to the beginning retained earnings balance in the statement of retained earnings. d. reporting current and future financial statements on the new basis.

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Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Retained Earnings And Earnings Per Share. 2MC
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