A change in an accounting estimate is: Multiple Choice O Considered an error in the financial statements. O Not allowed under current accounting rules. O Reflected in current and future years' financial statements, not in prior statements. O Reflected in future financial statements and also requires modification of past statements. O Reflected in past financial statements. A company has bonds outstanding with a par value of $90,000. The unamortized premium on these bonds is $2,025. If the company retired these bonds at a call price of $87,300, the gain or loss on this retirement is: Multiple Choice $2,700 gain. $4,725 gain. $2,025 gain. $2,700 loss. O $2,025 loss. A partnership does not pay a business income tax. The income or loss of a partnership is allocated to the partners and is taxed on each partner's return. True or False True False A company has earnings per share of $6.50. Its dividend per share is $0.50, and its market price per share is $80. Its price-earnings ratio equals 13. True or False True False