Question: Omicron Co . made a justifiable change in its method of accounting for long - term contracts. The cumulative effect of this change in accounting

Omicron Co. made a justifiable change in its method of accounting for long-term contracts. The cumulative effect of this
change in accounting principle should be reported in comparative financial statements
A. Net of tax after discontinued operations.
B. By retrospective application if practicable.
C. As a component of income from continuing operations.
D. As an adjustment only of the beginning balance of retained earnings for the current period.
Omicron Co. made a justifiable change in its method of accounting

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