Retrospective treatment of prior years' financial statements is required when there is a change from:

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Retrospective treatment of prior years' financial statements is required when there is a change in accounting principle or a correction to a material error. This includes changes from average cost to FIFO, FIFO to average cost, and LIFO to average cost. Therefore, all of the choices above require retrospective treatment of prior years' financial statements.

Retrospective Treatment of Prior Years' Financial Statements Is Required When