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    Financial Accounting Study Set 29
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    Exam 11: The Income Statement and the Statement of Stockholders Equity
  5. Question
    Prior- Period Adjustments Are Added to or Deducted From
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Prior- Period Adjustments Are Added to or Deducted From

Question 20

Question 20

Multiple Choice

Prior- period adjustments are added to or deducted from:


A) total stockholders' equity.
B) income from continuing operations to compute net income.
C) net income to compute comprehensive income.
D) beginning retained earnings.

Correct Answer:

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