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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 22: Accounting for Changes and Errors
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    Every Correction of an Error That Requires Restatement of Prior
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Every Correction of an Error That Requires Restatement of Prior

Question 36

Question 36

True/False

Every correction of an error that requires restatement of prior year financial statements requires a journal entry to increase or decrease the beginning balance of Retained Earnings.

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