An example of a correction of an error in previously issued financial statements is a change

Question $16$Select one:

a$.$

in the tax assessment related to a prior period.

b$.$

from the cash basis of accounting to the accrual basis of accounting.

c$.$

in the service life of plant assets, based on changes in the economic environment.

d$.$

from the FIFO method of inventory valuation to the average cost method.