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    Business
  3. Study Set
    Accounting Principles
  4. Exam
    Exam 14: Corporations: Dividends, Retained Earnings, and Income Reporting
  5. Question
    A Prior Period Adjustment Is Reported as an Adjustment of the Beginning
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A Prior Period Adjustment Is Reported as an Adjustment of the Beginning

Question 66

Question 66

True/False

A prior period adjustment is reported as an adjustment of the beginning balance of Retained Earnings.

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