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    Financial Accounting Study Set 9
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    Exam 11: The Income Statement, the Statement of Comprehensive Income, and the Statement of Shareholders Equity
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    Prior-Period Adjustments Are Made When an Error Occurs in One
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Prior-Period Adjustments Are Made When an Error Occurs in One

Question 44

Question 44

True/False

Prior-period adjustments are made when an error occurs in one period and it is corrected in a later period.

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