Companies are required to highlight certain items in the financial statements so that users can better determine the long-run earning power of the company. Which of the following is not one of those items?A. Unusual gains and losses.
B. Noncontrolling interest.
C. Changes in accounting principle.
D. Discontinued operations.

Respuesta :

Answer:

C. Changes in accounting principle.

Explanation:

Changes in accounting principle is not important to highlight or make known in this scenario as it doesnt help users in determining the long run earning power of the company. Changes in accounting principle reflects when an organization decides to make a choice between different generally accepted accounting principles (GAAP) or changes in techniques to which the principle itself is applied. Accounting principles are guidelines and instructions followed when taking record of and reporting financial transactions.