A Material Prior Period Error in Year Ending 2009 Was

Multiple Choice

A material prior period error in year ending 2009 was subsequently discovered in 2010.To comply with AASB 108 "Accounting policies,changes in accounting estimates and errors" an entity should.

A) re-issue the 2009 financial statements with the error corrected.
B) make a retrospective adjustment in 2009.
C) make a retrospective adjustment in 2010.
D) make a prospective adjustment in 2009.
E) make a prospective adjustment in 2010.