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1.A correction of an error.
2.An accounting change that should be reported prospectively.
3.An accounting change that should be reported by restating the financial statements of all prior periods presented.
4.Not an accounting change.
C) This is a change in accounting entity which requires restatement of prior periods being presented.
Its option #3 An accounting change that should be reported by restating the financial statements of all prior periods presented.
Presenting consolidated financial statements this year when statements of individual companies were presented last year is?
3.An accounting change that should be reported by restating the financial statements of all prior periods presented.
