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Which one would be accounted for retrospectively as an adjustment to prior period financial statements? A- Change from the cost model to the revaluation model
Which one would be accounted for retrospectively as an adjustment to prior period financial statements?
A- Change from the cost model to the revaluation model for land and buildings.
B-A change of depreciation method from straight line to reducing balance.
C- Payment of costs under the provision of a warranty.
D- A material fraud discovered in last year's financial statements after they were authorised for issue.
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