Sim Company has owned 15% of Moss Inc. for the past several years. This ownership did not allow Sim to have significant influence over Moss. Recently Sim acquired an additional 20% of Moss, and now has this ability. How will this change be reported by Sim? A. A cumulative effect of an accounting change is shown in the current income statement. B. A retroactive adjustment is made to restate all prior years using the equity method. C. The equity method will be applied prospectively as of the date Sim obtained significant influence. D. No change is reported. Sim will continue to use the fair value method for its investment in Sim.