Which of the following statements about a change in reporting entity are true? (Select all that apply.)

Check All That Apply

• A change in reporting entity occurs as a result of changing specific companies that constitute the group for which consolidated or combined statements are prepared.

  A change in reporting entity occurs as a result of changing specific companies that constitute the group for which consolidated or combined statements are prepared.

• For changes in entity that result from changes in accounting rules, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.

  For changes in entity that result from changes in accounting rules, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.

• When one company acquires another one, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.

  When one company acquires another one, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.

• When there is a change in reporting entity, disclosure note is not required.