Question: In preparing the 2 0 2 4 financial statements, INTEL Systems consolidated a subsidiary that was appropriately excluded from previously consolidated financial statements. How should

In preparing the

2024

financial statements, INTEL Systems consolidated a subsidiary that was appropriately excluded from previously consolidated financial statements. How should INTEL report this change:

A change in reporting entity that should be reported by restating the financial statements of all prior periods presented.

A footnote only that presents financial statement information pertaining to the subsidiary.

A change in accounting estimate that should be reported prospectively.

A change in accounting principle that should be reported by restating the financial statements of all prior periods presented.

In preparing the 2 0 2 4 financial statements,

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