When a Company Changes an Accounting Policy, the Cumulative Effect

Multiple Choice

When a company changes an accounting policy, the cumulative effect of the change is disclosed

A) in the statement of changes in equity (or statement of retained earnings) , as an adjustment to the opening balance.
B) in the statement of comprehensive income.
C) in the income statement, above profit from continuing operations.
D) in the income statement, below profit from continuing operations.