The effect of a change in accounting principle that is inseparable from the effect of a change in accounting estimate should be reported: group of answer choices
a. as a separate disclosure after income from continuing operations, in the period of changeand future periods if the change affects both.
b. as a component of income from continuing operations, in the period of change and fu-ture periods if the change affects both.
c. as a correction of an error.
d. by restating the financial statements of all prior periods presented

B. As a component of income from continuing operations, in the period of change and future periods if the change affects both.

Explanation:

Option A - The effect of a change in accounting principle cannot be reported in the disclosure after income from continuing operations.

Option B - It is the answer because the accounting estimates should be reported as a component of income from continuing operations. It changes the overall accounting reporting treatment as a change in estimates.

Option C - Accounting estimates cannot be reported as a correction of an error as it is a component of income from continuing operations.

Option D - It cannot be the answer because accounting estimates can help to change the prospective years financial statement not the restating of current year's financial statements of all prior periods.

i'm pretty sure the answer is 60.

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