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Which of the Following Is Not a Correct Statement of the Nature

Question 4

Multiple Choice

Which of the following is not a correct statement of the nature of the comparative amounts included in a financial report:


A) they must be adjusted for errors discovered in subsequent reporting periods
B) they are adjusted for subsequent changes in accounting policies
C) they must always be the same as in the prior period financial report
D) they are not adjusted to reflect subsequent changes in accounting estimates

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