Question: In accordance with the Codification, Orca should report the effect of this accounting change as a(n) a. Prior period adjustment. b. Component of income from

In accordance with the Codification, Orca should report the effect of this accounting change as a(n)

a. Prior period adjustment.

b. Component of income from continuing operations.

c. Retrospective application to previous year’s financial statements.

d. Component of income after extraordinary items.

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