Which of the Following Best Describes the Treatment Given a Change

Multiple Choice

Which of the following best describes the treatment given a change in accounting principles made during the second quarter?

A) ​The cumulative effect should be recognized in the quarter in which the decision to change is made.
B) ​Regardless of the quarter of change, the recognition is deferred until year end.
C) ​All prior interim periods are retrospectively restated.
D) ​Interim periods prior to the period of change are not restated.