The Correction of an Error in the Financial Statements of a Prior

Multiple Choice

The correction of an error in the financial statements of a prior period should be reflected, net of applicable income taxes, in the current

A) income statement after income from continuing operations and before extraordinary items.
B) income statement after income from continuing operations and after extraordinary items.
C) retained earnings statement after net income but before dividends.
D) retained earning statement as an adjustment of the opening balance.