Accounting intermediate II practice questions:

42. T/F. For an operating lease, the lessee reports one single lease expense in the income statement and the same amount is reported in the cash flow statement. 43. T/F. Accounting changes that cause retrospective adjustments to accounts are those that are either changes in accounting principles or where material have errors have occurred.. 44. T/ F. Accounting changes, even with elaborate disclosures, decrease the comparability of financial statements from period to period. 45. Accounting changes that make impact in financial reporting are: a. change in accounting principle b. change in accounting estimate c. Committed error in financial reporting d. all of the above. e. None of the above