John Wayne, Co$,$ has made a justifiable change in an accounting principle. The cumulative effect of applying the change to all prior periods is determinable. However, it is not practicable to determine the periodspecific effects on all prior periods presented. Consequently, the reported carrying amounts of the assets and liabilities must be adjusted for the cumulative effect of applying the new principle at the

End of the latest accounting period presented for which retrospective application is impracticable.

Beginving of the current accounting period.

Beginning of the earliest accounting period presented to which the new principle can be applied.

Beginning of the earliest accounting period presented.