Are changes in accounting principles and e

问题单项选择题

Are changes in accounting principles and extraordinary items treated similarly in accordance with U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards Accounting principles Extraordinary items（）①A. Yes Yes ②B. NoNo ③C. Yes No

A. ①

B. ②

C. ③

答案

参考答案：C

解析：

Treatment of a change in an accounting principle is similar under U. S. GAAP and IFRS. Under both standards, a change in accounting principle is made retrospectively. The treatment of extraordinary items differs between U.S. GAAP and IFRS. Under U.S. GAAP, extraordinary items are reported net of tax below income from continuing operations. IFRS does not permit firms to treat transactions as extraordinary in the income statement.