Which of the following accounting changes requires the restatement of financial statements presented for prior years?
a. A change in depreciation method from the straight-line method to the double-declining-balance method
b. A change from the LIFO to the FIFO inventory valuation method
c. A change from the FIFO to the LIFO inventory valuation method
d. A change in the useful life used in the depreciation calculations for a company's manufacturing equipment
B
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