When an Inventories Costing Formula Is Changed, the Change Is

Multiple Choice

When an inventories costing formula is changed, the change is required to be applied:

A) prospectively and the adjustment taken through the current profit or loss.
B) retrospectively and the adjustment taken through the opening balance of retained earnings.
C) prospectively and the current period adjustment recognised directly in equity.
D) retrospectively and the adjustment recognised as an extraordinary gain or loss.