Question: QUESTION 2 8. Not Users to releeded, buscortingen Listed below are five terms followed by a list of phrases that describe or characterize each of

QUESTION 2 8. Not Users to releeded, buscortingen Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. Changes in accounting estimates A. Handled prospectively B. Not used for changes in accounting principle. Cumulative effect adjustment to income statement C. Adjustment to retained earnings of earliest year reported. D. No journal entry needed, but disclosure is required. Pro forma disclosure E. Information for change in reporting entity Prior period adjustment Prospective approach

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