Question: Please answer with reason for all why the option is correct and why the other options are incorrect This means applying a new accounting policy

Please answer with reason for all why the option is correct and why the other options are incorrect This means "applying a new accounting policy to transaction, other events and conditions as if that policy had always been applied" Select one: a. Retrospective Application b. Prospective Application c. Prospective Restatement d. Retrospective Restatement

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