Answer:
Listing the consequences of each option.
Explanation:
Answer. You're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies.
B additional living expenses because it’s additional
Answer:
Two adjustments must be made to year 1's financial statements:
- The income statement must be adjusted since net income increased because cost of goods sold decreased.
- The balance sheet must be adjusted since retained earnings will increase because net income increased.
Explanation:
The retrospective approach hides any changes with the accounting methods, and shows the financial statements as if the new accounting method was used all along and there was no error or change.
