Question: A change in accounting principle that is Implemented using the retrospective approach ineludes: Multiple Choice restating financial statements of all periods presented as if the

A change in accounting principle that is Implemented using the retrospective approach ineludes:
Multiple Choice
restating financial statements of all periods presented as if the new standard had been used in those periods.
applying the new standard to the adoption period only and recording the cumulative adjustment for prior
periods to the beginning balance of retained earnings.
implementing the change in the current period only and not adjusting for the cumulative effects on prior
periods.
not accounting for the change in the current period or prior periods.
A change in accounting principle that is Implemented using the retrospective

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