Any errors or adjustments resulting from changes in accounting policies that are accounted for retrospectively require:
A) a retrospective adjustment to basic earnings per share only
B) a retrospective adjustment to diluted earnings per share only
C) no retrospective adjustment to either basic or diluted earnings per share
D) a retrospective adjustment to both basic and diluted earnings per share

Question

Quizplus · Accepted Answer

Any changes in accounting policies that require retrospective adjustment will affect both basic and diluted earnings per share. Therefore, a retrospective adjustment is required for both.

Any Errors or Adjustments Resulting from Changes in Accounting Policies