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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
  5. Question
    A Prior Period Adjustment May Result in a Debit or Credit
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A Prior Period Adjustment May Result in a Debit or Credit

Question 98

Question 98

True/False

A prior period adjustment may result in a debit or credit to a company's retained earnings account.

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