Question:What impact does an accounting change typically have? 

A All statements going forward must be presented under the old method as well as the new method. 
B All statements going forward must reflect the new policy but there is no other effect. 
C Prior financial statements must be restated correctly given the change. 
D The company must create several "what if" scenarios for any potential future changes also. 

+ Answer
C 

+ Explanation
Answer not sure

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Md. Habib Ullah

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