Final answer:
Wagner Implements made a variety of changes that fall under changes in accounting principles, changes in accounting estimates, and corrections of errors, each with specific retrospective or prospective reporting approaches.
Step-by-step explanation:
Wagner Implements made various changes in accounting methods, corrected errors, and implemented new policies, each of which has specific classifications and reporting approaches under accounting standards:
Type of Change: P. Change in accounting principle | Reporting Approach: R. Retrospective approach
Type of Change: N. Neither an accounting change nor an accounting error | Reporting Approach: Not applicable as this is the initiation of a new policy.
Type of Change: P. Change in accounting principle | Reporting Approach: R. Retrospective approach
Type of Change: X. Correction of an error | Reporting Approach: R. Retrospective approach
Type of Change: P. Change in accounting principle | Reporting Approach: R. Retrospective approach
Type of Change: E. Change in accounting estimate | Reporting Approach: P. Prospective approach
Type of Change: E. Change in accounting estimate | Reporting Approach: P. Prospective approach
Type of Change: P. Change in accounting principle | Reporting Approach: R. Retrospective approach
Type of Change: P. Change in accounting principle | Reporting Approach: R. Retrospective approach
Type of Change: P. Change in accounting principle | Reporting Approach: R. Retrospective approach