1 8 Which of the following statements about the recognition of a prior service cost related to a postretirement obligation is correct? Look at 6 to relate to this answeir A) The prior service amount is recognized in the income statement in the current period. B) The prior service cost is recognized in the income statement net of tax C) Restatement of previously issued annual financial statements is required. D) The prior service cost amount affects comprehensive income in the current period. A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the A) asset's remaining economic life B) term of the lease, C) life of the asset or the term of the lease, whichever is shorter. D) life of the asset or the term of the lease, whichever is longer