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Which underlying principle of the retrospective application

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Reference no: EM132770924

Problem 1: The underlying principle of the retrospective application method is to

a. present all comparative periods as if the new accounting policy had always been used.

b. make assumptions about what management's intent was in prior years.

c. disclose all mistakes made in the past.

d. apply changes currently and in the future.

Reference no: EM132770924

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