Texas Corporation invested in Arkansas Corporation by purchasing a 15% interest in the company. After their initial investment, Texas did not have significant influence over Arkansas. After two years, Texas Corporation acquired 20% additional shares of Arkansas, and the company's President became a member of Arkansas Corporation's board of directors, leading Texas to have significant influence over Arkansas. This change is

A change in estimate

An accounting principle change requiring retrospective adjustment.

An accounting principle change requiring prospective adjustment.

A correction of an error

Texas Corporation invested in Arkansas Corporation by purchasing a 15% interest in the company. After their initial investment, Texas did not have significant influence over Arkansas. After two years, Texas Corporation acquired 20% additional shares of Arkansas, and the company's President became a member of Arkansas Corporation's board of directors, leading Texas to have significant influence over Arkansas. This change is A change in estimate An accounting principle change requiring retrospective adjustment. An accounting principle change requiring prospective adjustment. A correction of an error