# ASC 250-10-50: Accounting Changes and Error Corrections — Overall — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/250/10/#50-disclosure) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:7a90d36906da3b9d7db8333ef09b88bef6a404facee15a7938655487c6992ae2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 250-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/250/10/#50-disclosure) SEC content: no #### Accounting Changes ##### [250-10-50-1](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-1) Pending content: yes Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:a1f594c27b8f655c2350d8499c6e919cf5c0748a44411388e55a50ec40b5c481 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose all of the following in the fiscal period in which a [change in accounting principle](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-principle "A change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. A change in the method of applying an accounting principle also is considered a change in accounting principle.") is made: 1. a The nature of and reason for the change in accounting principle, including an explanation of why the newly adopted accounting principle is preferable. 2. b The method of applying the change, including all of the following: 1. 1 A description of the prior-period information that has been retrospectively adjusted, if any. 2. 2 The effect of the change on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), any other affected financial statement line item, and any affected per-share amounts for the current period and any prior periods retrospectively adjusted. Presentation of the effect on financial statement subtotals and totals other than income from continuing operations and net income (or other appropriate captions of changes in the applicable net assets or performance indicator) is not required. 3. 3 The cumulative effect of the change on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented. 4. 4 If [retrospective application](https://asc.understandingaccounting.org/glossary/r/#retrospective-application "The application of a different accounting principle to one or more previously issued financial statements, or to the statement of financial position at the beginning of the current period, as if that principle had always been used, or a change to financial statements of prior accounting periods to present the financial statements of a new reporting entity as if it had existed in those prior years.") to all prior periods is impracticable, disclosure of the reasons therefore, and a description of the alternative method used to report the change (see paragraphs [250-10-45-5 through 45-7](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-5) ). 3. c If [indirect effects of a change in accounting principle](https://asc.understandingaccounting.org/glossary/i/#indirect-effects-of-a-change-in-accounting-principle "Any changes to current or future cash flows of an entity that result from making a change in accounting principle that is applied retrospectively. An example of an indirect effect is a change in a nondiscretionary profit sharing or royalty payment that is based on a reported amount such as revenue or net income.") are recognized both of the following shall be disclosed: 1. 1 A description of the indirect effects of a change in accounting principle, including the amounts that have been recognized in the current period, and the related per-share amounts, if applicable 2. 2 Unless impracticable, the amount of the total recognized indirect effects of the [accounting change](https://asc.understandingaccounting.org/glossary/a/#accounting-change "A change in an accounting principle, an accounting estimate, or the reporting entity. The correction of an error in previously issued financial statements is not an accounting change.") and the related per-share amounts, if applicable, that are attributable to each prior period presented. Compliance with this disclosure requirement is practicable unless an entity cannot comply with it after making every reasonable effort to do so. Financial statements of subsequent periods need not repeat the disclosures required by this paragraph. If a change in accounting principle has no material effect in the period of change but is reasonably certain to have a material effect in later periods, the disclosures required by (a) shall be provided whenever the financial statements of the period of change are presented. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)An entity shall disclose all of the following in the fiscal period (which may be an interim or annual reporting period) in which a [change in accounting principle](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-principle "A change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. A change in the method of applying an accounting principle also is considered a change in accounting principle.") is made: 1. a The nature of and reason for the change in accounting principle, including an explanation of why the newly adopted accounting principle is preferable. 2. b The method of applying the change, including all of the following: 1. 1 A description of the prior-period information that has been retrospectively adjusted, if any. 2. 2 The effect of the change on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), any other affected financial statement line item, and any affected per-share amounts for the current period and any prior periods retrospectively adjusted. Presentation of the effect on financial statement subtotals and totals other than income from continuing operations and net income (or other appropriate captions of changes in the applicable net assets or performance indicator) is not required. 3. 3 The cumulative effect of the change on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented. 4. 4 If [retrospective application](https://asc.understandingaccounting.org/glossary/r/#retrospective-application "The application of a different accounting principle to one or more previously issued financial statements, or to the statement of financial position at the beginning of the current period, as if that principle had always been used, or a change to financial statements of prior accounting periods to present the financial statements of a new reporting entity as if it had existed in those prior years.") to all prior periods is impracticable, disclosure of the reasons therefore, and a description of the alternative method used to report the change (see paragraphs [250-10-45-5 through 45-7](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-5) ). 3. c If [indirect effects of a change in accounting principle](https://asc.understandingaccounting.org/glossary/i/#indirect-effects-of-a-change-in-accounting-principle "Any changes to current or future cash flows of an entity that result from making a change in accounting principle that is applied retrospectively. An example of an indirect effect is a change in a nondiscretionary profit sharing or royalty payment that is based on a reported amount such as revenue or net income.") are recognized both of the following shall be disclosed: 1. 1 A description of the indirect effects of a change in accounting principle, including the amounts that have been recognized in the current period, and the related per-share amounts, if applicable 2. 2 Unless impracticable, the amount of the total recognized indirect effects of the [accounting change](https://asc.understandingaccounting.org/glossary/a/#accounting-change "A change in an accounting principle, an accounting estimate, or the reporting entity. The correction of an error in previously issued financial statements is not an accounting change.") and the related per-share amounts, if applicable, that are attributable to each prior period presented. Compliance with this disclosure requirement is practicable unless an entity cannot comply with it after making every reasonable effort to do so. Financial statements of subsequent periods need not repeat the disclosures required by this paragraph. If a change in accounting principle has no material effect in the period of change but is reasonably certain to have a material effect in later periods, the disclosures required by (a) shall be provided whenever the financial statements of the period of change are presented. ##### [250-10-50-2](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:a000630caa75a36529cfa96b527e95a2f6c7b82c8831f21e8f9d886ccc0a39bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that issues interim financial statements shall provide the required disclosures in the financial statements of both the interim period of the change and the annual period of the change. ##### [250-10-50-3](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:f94fa5950fa0b97fc011158fb0c8bb351e119ce289db597ba957e2d5cae6af78 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In the fiscal year in which a new accounting principle is adopted, financial information reported for interim periods after the date of adoption shall disclose the effect of the change on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and related per-share amounts, if applicable, for those post-change interim periods. ##### [250-10-50-4](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-4) Pending content: yes Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:ce765092f5537168559fa8efea1926b7d77df44bc1e4e541fbe15f26c7c05dea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period shall be disclosed for a change in estimate that affects several future periods, such as a change in service lives of depreciable assets. Disclosure of those effects is not necessary for estimates made each period in the ordinary course of accounting for items such as uncollectible accounts or inventory obsolescence; however, disclosure is required if the effect of a change in the estimate is material. When an entity effects a change in estimate by changing an accounting principle, the disclosures required by paragraphs [250-10-50-1 through 50-3](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-1) also are required. If a change in estimate does not have a material effect in the period of change but is reasonably certain to have a material effect in later periods, a description of that change in estimate shall be disclosed whenever the financial statements of the period of change are presented. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period shall be disclosed for a change in estimate that affects several future periods, such as a change in service lives of depreciable assets. Disclosure of those effects is not necessary for estimates made each period in the ordinary course of accounting for items such as uncollectible accounts or inventory obsolescence; however, disclosure is required if the effect of a change in the estimate is material. When an entity effects a change in estimate by changing an accounting principle, the disclosures required by paragraphs [250-10-50-1 through 50-3](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-1) also are required. If a change in estimate does not have a material effect in the period of change but is reasonably certain to have a material effect in later periods, a description of that change in estimate shall be disclosed whenever the financial statements of the period of change are presented. The disclosures in this paragraph are required in interim and annual reporting periods. ##### [250-10-50-5](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:28188e142ebb7f958398835650d9dbeb9d0e8db75206612263f2b5d3818115c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosure provisions of this Subtopic for a [change in accounting estimate](https://asc.understandingaccounting.org/glossary/c/#change-in-accounting-estimate "A change that has the effect of adjusting the carrying amount of an existing asset or liability or altering the subsequent accounting for existing or future assets or liabilities. A change in accounting estimate is a necessary consequence of the assessment, in conjunction with the periodic presentation of financial statements, of the present status and expected future benefits and obligations associated with assets and liabilities. Changes in accounting estimates result from new information. Examples of items for which estimates are necessary are uncollectible receivables, inventory obsolescence, service lives and salvage values of depreciable assets, and warranty obligations.") are not required for revisions resulting from a change in a valuation technique used to measure fair value or its application when the resulting measurement is fair value in accordance with Topic 820. ##### [250-10-50-6](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-6) Pending content: yes Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:b0c4636031721251cb32a7ad1c636db2277aa6374a33e8a533ac66da3edf1d2b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When there has been a [change in the reporting entity](https://asc.understandingaccounting.org/glossary/c/#change-in-the-reporting-entity "A change that results in financial statements that, in effect, are those of a different reporting entity. A change in the reporting entity is limited mainly to the following: Presenting consolidated or combined financial statements in place of financial statements of individual entities Changing specific subsidiaries that make up the group of entities for which consolidated financial statements are presented Changing the entities included in combined financial statements. Neither a business combination accounted for by the acquisition method nor the consolidation of a variable interest entity (VIE) pursuant to Topic 810 is a change in reporting entity."), the financial statements of the period of the change shall describe the nature of the change and the reason for it. In addition, the effect of the change on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), other comprehensive income, and any related per-share amounts shall be disclosed for all periods presented. Financial statements of subsequent periods need not repeat the disclosures required by this paragraph. If a change in reporting entity does not have a material effect in the period of change but is reasonably certain to have a material effect in later periods, the nature of and reason for the change shall be disclosed whenever the financial statements of the period of change are presented. (Sections 805-10-50, 805-20-50, 805-30-50, and 805-740-50 describe the manner of reporting and the disclosures required for a business combination.) Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7)When there has been a [change in the reporting entity](https://asc.understandingaccounting.org/glossary/c/#change-in-the-reporting-entity "A change that results in financial statements that, in effect, are those of a different reporting entity. A change in the reporting entity is limited mainly to the following: Presenting consolidated or combined financial statements in place of financial statements of individual entities Changing specific subsidiaries that make up the group of entities for which consolidated financial statements are presented Changing the entities included in combined financial statements. Neither a business combination accounted for by the acquisition method nor the consolidation of a variable interest entity (VIE) pursuant to Topic 810 is a change in reporting entity."), the financial statements of both the interim period of the change and the annual period of the change shall describe the nature of the change and the reason for it. In addition, the effect of the change on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), other comprehensive income, and any related per-share amounts shall be disclosed for all periods presented. The cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented also shall be disclosed. Financial statements of subsequent periods need not repeat the disclosures required by this paragraph. If a change in reporting entity does not have a material effect in the period of change but is reasonably certain to have a material effect in later periods, the nature of and reason for the change shall be disclosed whenever the financial statements of the period of change are presented. See paragraph [270-10-45-12](https://asc.understandingaccounting.org/asc/270/10/#270-10-45-12) for additional guidance related to accounting changes in interim periods. (Sections 805-10-50, 805-20-50, 805-30-50, and 805-740-50 describe the manner of reporting and the disclosures required for a business combination.) Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)When there has been a [change in the reporting entity](https://asc.understandingaccounting.org/glossary/c/#change-in-the-reporting-entity "A change that results in financial statements that, in effect, are those of a different reporting entity. A change in the reporting entity is limited mainly to the following: Presenting consolidated or combined financial statements in place of financial statements of individual entities Changing specific subsidiaries that make up the group of entities for which consolidated financial statements are presented Changing the entities included in combined financial statements. Neither a business combination accounted for by the acquisition method nor the consolidation of a variable interest entity (VIE) pursuant to Topic 810 is a change in reporting entity."), the financial statements of both the interim period of the change and the annual period of the change shall describe the nature of the change and the reason for it. In addition, the effect of the change on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), other comprehensive income, and any related per-share amounts shall be disclosed for all periods presented. Financial statements of subsequent periods need not repeat the disclosures required by this paragraph. If a change in reporting entity does not have a material effect in the period of change but is reasonably certain to have a material effect in later periods, the nature of and reason for the change shall be disclosed whenever the financial statements of the period of change are presented. (Sections 805-10-50, 805-20-50, 805-30-50, and 805-740-50 describe the manner of reporting and the disclosures required for a business combination.) #### Correction of an Error in Previously Issued Financial Statements ##### [250-10-50-7](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-7) Pending content: yes Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:8cb691a26eecb32a4e73c863306573dc0cc219486b37a3156d600df8a29e05eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When financial statements are restated to correct an error, the entity shall disclose that its previously issued financial statements have been restated, along with a description of the nature of the error. The entity also shall disclose both of the following: 1. a The effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented 2. b The cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)When financial statements are restated to correct an error, the entity shall disclose that its previously issued financial statements have been restated, along with a description of the nature of the error. The entity also shall disclose both of the following in interim and annual reporting periods: 1. a The effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented 2. b The cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented. ##### [250-10-50-7A](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-7A) Pending content: yes Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:63a5bbcffb9db1768aa1b4a68056dd83ce4cf5bae8e48beb98978281566e049b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that restates historical, statistical-type summaries of financial data for error corrections shall disclose that information in accordance with paragraph [250-10-45-28](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-28). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity that restates historical, statistical-type summaries of financial data for error corrections shall disclose that information in accordance with paragraph [250-10-45-28](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-28). ##### [250-10-50-8](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:9d31fc966f497d894e5dfaba87a04eab91774d9fcf55f461ffde2a2709f6ade3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When prior period adjustments are recorded, the resulting effects (both gross and net of applicable income tax) on the net income of prior periods shall be disclosed in the annual report for the year in which the adjustments are made and in interim reports issued during that year after the date of recording the adjustments. ##### [250-10-50-9](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-9) Pending content: yes Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:139d9e5521baab20a4854a84076edd22e539f5015f69b04bcb727a4c4c62b66d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When financial statements for a single period only are presented, this disclosure shall indicate the effects of such [restatement](https://asc.understandingaccounting.org/glossary/r/#restatement "The process of revising previously issued financial statements to reflect the correction of an error in those financial statements.") on the balance of retained earnings at the beginning of the period and on the net income of the immediately preceding period. When financial statements for more than one period are presented, which is ordinarily the preferable procedure, the disclosure shall include the effects for each of the periods included in the statements. (See Section 205-10-45 and paragraph [205-10-50-1](https://asc.understandingaccounting.org/asc/205/10/#205-10-50-1).) Such disclosures shall include the amounts of income tax applicable to the prior period adjustments. Disclosure of restatements in annual reports issued after the first such post-revision disclosure would ordinarily not be required. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)When financial statements for a single period only are presented, the disclosure required in paragraph [250-10-50-8](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-8)shall indicate the effects of such [restatement](https://asc.understandingaccounting.org/glossary/r/#restatement "The process of revising previously issued financial statements to reflect the correction of an error in those financial statements.") on the balance of retained earnings at the beginning of the period and on the net income of the immediately preceding period. When financial statements for more than one period are presented, which is ordinarily the preferable procedure, the disclosure shall include the effects for each of the periods included in the statements. (See Section 205-10-45 and paragraph [205-10-50-1](https://asc.understandingaccounting.org/asc/205/10/#205-10-50-1).) Such disclosures shall include the amounts of income tax applicable to the prior period adjustments. Disclosure of restatements in annual reports issued after the first such post-revision disclosure would ordinarily not be required. ##### [250-10-50-10](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:f4190503f45679507df19628207bcb1d93b8b7e2c1df7e54f832f57c53f84ba4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Financial statements of subsequent periods shall not repeat the disclosures required by paragraphs [250-10-50-7 through 50-9](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-7) . See paragraph [250-10-50-2](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-2). ##### [250-10-50-11](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:6e7adf4f33460b96ab78a832b3139e9b9394e85e4cf034b0a392eb48e11bb3cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following disclosures shall be made in interim financial reports about an adjustment related to prior interim periods of the current fiscal year. In financial reports for the interim period in which the adjustment occurs, disclosure shall be made of both of the following: 1. a The effect on income from continuing operations, net income, and related per-share amounts for each prior interim period of the current fiscal year 2. b Income from continuing operations, net income, and related per-share amounts for each prior interim period restated in accordance with paragraph [250-10-45-26](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-26). #### Materiality Considerations for Correction of an Error ##### [250-10-50-12](https://asc.understandingaccounting.org/asc/250/10/#250-10-50-12) Pending content: no Source downloaded (UTC): 2026-09-09T23:17:09.179Z to 2026-09-09T23:17:09.179Z Record version: sha256:97b79f4473e719bcf05dd71c8441c035de64c152ec94735c2acdb16ed5d3f39d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In considering materiality for the purpose of reporting the correction of an error, amounts shall be related to the estimated income for the full fiscal year and also to the effect on the trend of earnings. Changes that are material with respect to an interim period but not material with respect to the estimated income for the full fiscal year or to the trend of earnings shall be separately disclosed in the interim period. (See paragraph [250-10-45-27](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-27).)