Which of the Following Accounting Changes Requires the Restatement of Financial

Multiple Choice

Which of the following accounting changes requires the restatement of financial statements presented for prior years?

A) A change in depreciation method from the straight-line method to the double-declining-balance method
B) A change from the LIFO to the FIFO inventory valuation method
C) A change from the FIFO to the LIFO inventory valuation method
D) A change in the useful life used in the depreciation calculations for a company's manufacturing equipment