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A company has included in its consolidated financial statements this year a subsidiary acquired several years ago that was appropriately excluded from consolidation last year.

A company has included in its consolidated financial statements this year a subsidiary acquired several years ago that was appropriately excluded from consolidation last year. This should be reported as
o An accounting change that should be reported prospectively.
o An accounting change that should be reported retrospectively.
o A correction of an error
o Neither an accounting change nor a correction of an error.

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