All of the Following Should Occur as a Result of a Prior

Multiple Choice

All of the following should occur as a result of a prior period adjustment EXCEPT

A) the cumulative effect of the correction or change should be reported as an adjustment to opening retained earnings.
B) all prior period financial statements should be corrected or restated.
C) the effects of the change should be detailed and disclosed in a note to the financial statements.
D) the unadjusted balance of retained earnings should be presented on the balance sheet.