Which of the Following Should Not Be Reported Retroactively

question 10

Multiple Choice

Which of the following should not be reported retroactively?

• A) Use of an unacceptable accounting principle, then changing to an acceptable accounting principle
• B) Correction of an overstatement of ending inventory made two years ago
• C) Use of an unrealistic accounting estimate, then changing to a realistic estimate
• D) Change from a good faith but erroneous estimate to a new estimate