true false

For each of the tems below, indicate if it is true (T) or false) A change in an accounting estimate requires a company to state all prior year amount 1 impacted by the change The primary characteristic of financial reporting information is accuracy 3 A company sells a component of its business and behieves that this represents a strategic shift for the business. It sells the net assets of the component for a gain. The gain is reported as part of discontinued operations Other comprehensive income items are report on a company's income statement below net income or on a separate statement. ntinuederation is