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    Business
  3. Study Set
    Intermediate Accounting
  4. Exam
    Exam 5: Income Statement and Related Information
  5. Question
    A Prior Period Adjustment Results from the Correction of an Error
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A Prior Period Adjustment Results from the Correction of an Error

Question 19

Question 19

True/False

A prior period adjustment results from the correction of an error in the financial statements of a prior period discovered subsequent to their issuance.

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