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  3. Study Set
    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 22: Accounting for Changes and Errors
  5. Question
    The Effect of a Prior Period Adjustment Made to Correct
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The Effect of a Prior Period Adjustment Made to Correct

Question 86

Question 86

True/False

The effect of a prior period adjustment made to correct an error is similar to a retrospective adjustment required for a change in accounting principle.

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