Question: In its 2011 financial statements, what amount should Orca report as the gain or loss on the cumulative effect of this accounting change? a. $2,800

In its 2011 financial statements, what amount should Orca report as the gain or loss on the cumulative effect of this accounting change?

a. $2,800

b. $4,000

c. $4,200

d. $0

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