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    Exam 11: The Income Statement, the Statement of Comprehensive Income, and the Statement of Shareholders Equity
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    Corrections to the Beginning Balance of Retained Earnings for Errors
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Corrections to the Beginning Balance of Retained Earnings for Errors

Question 37

Question 37

Multiple Choice

Corrections to the beginning balance of retained earnings for errors of an earlier period are called:


A) cumulative error adjustments
B) prior-period adjustments
C) extraordinary items
D) discontinued items

Correct Answer:

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