Question: The modified retrospective approach requires: Multiple Choice C) a modification of prior years' financial statements. a journal entry to adjust account balances in the beginning

The modified retrospective approach requires: Multiple Choice C) a modification of prior years' financial statements. a journal entry to adjust account balances in the beginning of the year of change. both a modification of prior years' financial statements and a journal entry to adjust account balances in the beginning of the year of change. neither a modification of prior years' financial statements nor a journal entry to adjust account balances in the beginning of the year of change. 1530

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