Question: What is the retrospective approach for adjusting for changes in accounting principle? 1.Making the changes to the current and future years because of missing information.

What is the retrospective approach for adjusting for changes in accounting principle?

1.Making the changes to the current and future years because of missing information.

2.Making the changes to the current and past year for comparison purposes.

3.Making the changes to the current and all prior years since the old principle was chosen.

4.Making the changes to the current and other years shown on the financial statements.

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