In the blank space provided for each type of accounting change or transaction correction listed below, indicate whether the change/correction is: Change in Accounting Principle, Change in Accounting Estimate, Change in Reporting Entity, or Error Correction.

a. Change in the estimating rates and procedures used to determine a companys estimated pension liability: _______________________________________________.

b. Change from FIFO to LIFO method of inventory valuation: ________________ ______________________________.

c. Change from reporting a single companys financials to reporting consolidated financials resulting from the acquisition of one or more companies: __________________________________.

d. Failure to accrue payroll payable due, but not paid, at the end of a companys Fiscal Year: _____________________________.

For a,b,c,d, indicate for each whether the restatement of the financial statements is a retrospective or a prospective adjustment.

a. _____________________________________

b. _____________________________________

c. _____________________________________

d. _____________________________________