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    Intermediate Accounting Study Set 5
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    Exam 20: Accounting Changes
  5. Question
    Prior Years' Financial Statements Are Restated Under The
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Prior Years' Financial Statements Are Restated Under The

Question 93

Question 93

Multiple Choice

Prior years' financial statements are restated under the:


A) Current approach.
B) Prospective approach.
C) Retrospective approach.
D) None of these answer choices is correct.

Correct Answer:

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