1) Accounting changes detract from which one of the following enhancing qualitative characteristics of accounting? A) comparability B) consistency C) representational faithfulness D) materiality 2) Retrospective changes require all but which of the following? A) restatement of all prior years presented B) adjustment to assets and liabilities for the first period presented C) detailed numerical comparisons of all prior periods to restated statements D) retained earnings restated for the adjustments of the current period 21.2 Changes in Accounting Principle 3) Which one of the following would not be affected by a change in revenue recognition requiring a retrospective change? A) cash B) revenue C) unearned revenue D) deferred taxes 4) Which one of the following might be affected by a change in revenue recognition requiring a prospective change? A) retained earnings B) management compensation C) unearned revenue D) deferred taxes 5) Which one of the following would not be a required disclosure for a change in accounting principle? A) description of the nature of the change B) management's justification for the change C) the estimated effect on future earnings per share D) cumulative effect of the change on retained earnings for the first year presented 1) Accounting changes detract from which one of the following enhancing qualitative characteristics of accounting? A) comparability B) consistency C) representational faithfulness D) materiality 2) Retrospective changes require all but which of the following? A) restatement of all prior years presented B) adjustment to assets and liabilities for the first period presented C) detailed numerical comparisons of all prior periods to restated statements D) retained earnings restated for the adjustments of the current period 21.2 Changes in Accounting Principle 3) Which one of the following would not be affected by a change in revenue recognition requiring a retrospective change? A) cash B) revenue C) unearned revenue D) deferred taxes 4) Which one of the following might be affected by a change in revenue recognition requiring a prospective change? A) retained earnings B) management compensation C) unearned revenue D) deferred taxes 5) Which one of the following would not be a required disclosure for a change in accounting principle? A) description of the nature of the change B) management's justification for the change C) the estimated effect on future earnings per share D) cumulative effect of the change on retained earnings for the first year presented