What is the measurement date for a share-based payment to employees that is classified as equity? O The service inception date O The grant date O The settlement date O The end of the reporting period Which of the following would receive treatment as a cumulative effect on an accounting change to the beginning balance of retained earnings? FIFO to LIFO Weighted average to FIFO O Yes , Yes O No , No O Yes , No O No , YesDuring 2010, Cyber Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts: 2008 $50,000 overstated 2009 38,000 understated Cyber uses the periodic inventory system. Prior to any adjustments for these errors and ignoring income taxes, Cyber's retained earnings at January 1, 2010 would be O $88,000 understated O $50,000 understated O $38,000 understated O $12,000 understated Indicate whether the following statement is true or false.? Stock issued for services should be recorded at either the fair value of the stock issued or the fair value of the service rendered, whichever is more objectively determinable. O TRUE O FALSE