32) 32) Which of the following is accounted for prospectively? A) Change in reporting entity. B) Change in an estimated bad debt allowance. C) Change from the weighted average method of inventory costing to FIFO method. D) Correction of a material accounting error. 33) Retrospective restatement is appropriate for a change in: 33) Accounting Estimate Yes Yes No Accounting Principle Yes No Yes No No A) Option A B) Option B C) Option C D) Option D 34) 34) Prior years' financial statements are restated under the A) Prospective approach. B) Retrospective approach. C) Current approach D) Correction approach. 35) 35) Selected information from Hyde Corporation's accounting records for 2018 is as follows (S in millions): Cash repayments of principal on long-term debt $ 90 150 Cash paid to reacquire common shares for treasury 210 Proceeds from issuance of preferred stock Proceeds from issuance of long-term debt 270 Cash dividends paid Cash interest (expense) paid on long-term debt 105 In its statement of cash flows, Jacklyn Hyde should report net cash flows (either inflows or outflows of financing activities of A) $180 million. B) $165 million C) $240 million D) $60 million