alleryStart learning →A Q1 restructuring loss proves smaller in Q2. The correction is by:
ARestating Q1 retrospectively
BReversing the amount in Q2
CIgnoring it until year end
DDeferring it to next year
Answer & Solution
Correct answer: B. Reversing the amount in Q2
The original estimate is changed in the later interim period by reversing the previously recognised amount; the earlier report is not reopened.
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