How Will a Change in Statutory Tax Rates Affect Prior

How will a change in statutory tax rates affect prior period financial statements and current year income tax expense?

A) Changes in statutory tax rates affect current year income tax expense but do not affect prior period financial statements.
B) Changes in statutory tax rates affect both current year income tax expense and prior period financial statements.
C) Changes in statutory tax rates do not affect current year income tax expense or prior period financial statements.
D) Changes in statutory tax rates do not affect current year income tax expense but do affect prior period financial statements.