Z Company Has Included in Its Consolidated Financial Statements This

Z Company has included in its consolidated financial statements this year a subsidiary acquired several years ago that was appropriately excluded from consolidation last year. This results in

A) An accounting change that should be reported prospectively.
B) A correction of an error.
C) An accounting change that should be reported by restating the financial statements of all prior periods presented.
D) Neither an accounting change nor a correction of an error.This is a change in reporting entity to be accounted for retrospectively.That is, financial statements of prior periods are restated to report the financial information for the new reporting entity in all periods.