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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Explanation:
“Increase in agricultural production and the rise in the per-capita income of the rural community, together with the industrialisation and urbanisation, lead to an increased demand in industrial production”
Of course they can because…
Answer: uhh what?? im confused
Answer:
Over time tadpoles can grow their tails longer and deeper if there are numerous predators, allowing them to swim faster and look bigger.
(mangrove) Two key adaptations they have are the ability to survive in soaked soil and no oxygen soil, and they have the ability to tolerate slightly salty waters.
Explanation:
