TB MC Qu$.05-29$ When reporting a change in an accounting...

A change in accounting principle that is implemented in $201$ with full retrospective effect will result in which of the following, as reported in

the financial statements presented in the $201$ annual report?

Multiple Choice

Net income for $201$ that is determined under the same accounting method as the $200$ amount $($in the $201$ report$).$

Net income for $200$ that is likely different from the amount originally reported for $200.$

Financial statements in $201$ as if the company had always used the new accounting method.