When financial statements are revised to reflect the impact of a change in accounting principle, the <u>retrospective </u>approach is used.
<h3>What is financial statement?</h3>
Financial statement is use to record a company financial position as well as day to day operation or activities.
Hence, retrospective approach are often used in a situation where financial statements are revised so as to reflect the impact of a change in accounting principle.
Learn more about Financial statement here:brainly.com/question/22941895
#SPJ1
<span>
Because the lenses are convex or double convex, they bend the light
rays, causing them diverge (spread apart). This makes the image
bigger..</span>
Answer:
k
1 : the configuration of stars especially at one's birth. 2 : any of 88 arbitrary configurations of stars or an area of the celestial sphere covering one of these configurations the constellation Orion. 3 : an assemblage, collection, or group of usually related persons, qualities, or things …
The Functions of Schemas:
1. Schemas help us to quickly interpret and categorize information. They allow us to make sense of the world around us by organizing it into meaningful categories and providing us with a framework for understanding and interpreting new information.
Problems with Schemas:
1. Schemas can lead to oversimplification and premature closure. Once we have a schema in place, we may be inclined to assume that it is the only way to interpret a situation or to assume that all new information will fit into the same categories. This can lead to inaccurate interpretations or assumptions.
What is Schemas?
Schemas are mental structures that help organize and interpret information. They are used to interpret sensory information, organize memories, and make predictions about the future. Schemas provide a framework for understanding and interpreting the world around us. They influence the way we perceive, think, and act. Schemas are often developed through experience and can be used to guide behavior. They can also be used to understand how people create meaning in their lives. Schemas are constantly evolving and changing as we encounter new experiences. They help us make sense of the world around us and can be used to explain why people behave the way they do.
To learn more about Schemas
brainly.com/question/9197503
#SPJ4
An example of Elementary linear algebra 11th edition is given in the image attached.
<h3>What is elementary linear algebra?</h3>
Linear algebra is known to be a part of math work. It is known to be the most easiest form of upper-level math works example is abstract algebra.
Conclusively, using the image attached, the answer will be (x1, x2) = (–8, 3)
Learn more about algebra from
brainly.com/question/432678
