When an accounting change is reported under the retrospective approach, prior years' financial statements are: Select one: a. Left unchanged. b. Revised to reflect the use of the new principle. c. Reported as previously prepared. d. Adjusted using prior period adjustment procedures.
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Home » Business » When an accounting change is reported under the retrospective approach, prior years' financial statements are: Select one: a. Left unchanged. b. Revised to reflect the use of the new principle. c. Reported as previously prepared. d.