Answer
Look at the illuminating disclosures made in note 1 under the subheading "Basis of Presentation." This disclosure affirms that there has been a reclassification of amounts from the previous years to ensure that the presentation is in line with the current year's presentation. Another subheading under note 1 that could be used in confirming consistency in the application of accounting standards is "Use of Estimates," which explains how estimates are made at the company through the years. Besides the method of evaluating financial instruments, liabilities and assets are disclosed in the notes; they can be analyzed to verify consistency.
Work Step by Step
N/A
