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Retrospective restatement usually is not used for a Select one: a. Change in accounting principle. b. Change in accounting estimate. c. Correction of an error. d. Change in reporting entity.

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sandlee09

Answer:

b. not used for a change in accounting estimate

Explanation:

The term retrospective restatement refers to adjusting recognition, measurement and disclosure of all the different amounts of the elements in the financial statement to the point that it seems that an error never occurred. That being said a Retrospective restatement usually is not used for a change in accounting estimate

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