Question: During the current year, Krey Co. increased the estimated quantity of copper recoverable from its mine. Krey uses the units-of-production depletion method. As a result

During the current year, Krey Co. increased the estimated quantity of copper recoverable from its mine. Krey uses the units-of-production depletion method. As a result of the change, which of the following should be reported in Kreys current year financial statements?Cumulative Effectof a Change inAccountingPrinciplePro Forma Effectof RetrospectiveApplication of NewDepletion BaseCumulative Effect of a Change in Accounting PrincipleYesPro Forma Effect of Retrospective Application of New Depletion BaseYesCumulative Effect of a Change in Accounting PrincipleNoPro Forma Effect of Retrospective Application of New Depletion BaseNoCumulative Effect of a Change in Accounting PrincipleYesPro Forma Effect of Retrospective Application of New Depletion BaseNoCumulative Effect of a Change in Accounting PrincipleNoPro Forma Effect of Retrospective Application of New Depletion BaseYes

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