Johan is a production manager in Saudi Arabia for Petrolia Inc., a U.S. oil company. Although he is concerned about the company's financial state, Johan believes that Petrolia must do everything possible to follow Saudi Arabia's global standards. Which of Carroll's areas of responsibility does this belief represent?

A) Personal
B) Philanthropic
C) Financial
D) Ethical
E) Legal

A change in an accounting estimate is:

A) Reflected in past financial statements.
B) Reflected in future financial statements and also requires modification of past statements.
C) Reflected in current and future years' financial statements,not in prior statements.
D) Not allowed under current accounting rules.
E) Considered an error in the financial statements.