Why is retrospective treatment of changes in accounting estimated prohibited? A. Changes in estimate are normally corrections and adjustments which are the natural result of the accounting process B. The retrospective treatment for any type of presentation is not allowed C. Retrospective treatment of changes in accounting estimate is required by IFRS D. The IFRS is silent on the issue

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A: Hi student Since there are multiple questions, we will answer only first question.  Full disclosure…

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