When financial statements are revised to reflect the impact of a change in accounting principle, the <u>retrospective </u>approach is used.
<h3>What is financial statement?</h3>
Financial statement is use to record a company financial position as well as day to day operation or activities.
Hence, retrospective approach are often used in a situation where financial statements are revised so as to reflect the impact of a change in accounting principle.
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Answer: D
Explanation because there is no point in having to know other skills. that don't evolve your job.
The word 'recalcitrant' has a Latin origin<em> </em>(<em>calcitrare</em>) and was originally used for describing "to kick" actions.
<h3>What does recalcitrant mean?</h3>
Recalcitrant is a word derived from <em>calcitrare</em><em> </em>(Latin) and originally used for indicating "to kick" actions.
A person considered 'recalcitrant' is someone who is obstinately defiant of authorities and/or social restraints.
Two synonyms of this word (recalcitrant) may be ungovernable and insubordinate, whereas two antonyms include docile and subordinate.
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