Problem concerning combined financial statements


Problem:

Due to a number of factors, Janna's company had to change the companies that were included in their combined financial statements. What will need to be done within the year as a result of this change? Select answer from the options below The company will need to disclose the nature of that change, as well as the reasons the change occurred, on their financial statements for the next three years. The company will need to disclose the nature of that change, as well as the reasons the change occurred, on the previous two years of financial statements, as well as the next two years' worth of financial statements. The company will need to disclose the nature of that change, as well as the reasons the change occurred, on their financial statements. The company will need to disclose the nature of that change, as well as the reasons the change occurred, in a note to the owner's equity report.

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Accounting Basics: Problem concerning combined financial statements
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