Which one of the following would not be a required disclosure for a change in accounting principle?
A) description of the nature of the change
B) management's justification for the change
C) the estimated effect on future earnings per share
D) cumulative effect of the change on retained earnings for the first year presented

Question

Quizplus · Accepted Answer

The estimated effect on future earnings per share is not a required disclosure for a change in accounting principle. Required disclosures typically include the nature of the change, justification, and the cumulative effect on retained earnings.

Which One of the Following Would Not Be a Required