Question: A change in valuation techniques used to measure fair value should be reported as a. A change in accounting principle with retrospective restatement. b. An

A change in valuation techniques used to measure fair value should be reported as

a. A change in accounting principle with retrospective restatement.

b. An error correction with restatement of the financial statements of previous periods.

c. A change in accounting estimate reported on a prospective basis.

d. An extraordinary item on the current year’s income statement.

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