A Company Made an Error in Calculating and Reporting Amortization

Multiple Choice

A company made an error in calculating and reporting amortization expense in 2016. The error was discovered in 2017. The item should be reported as a prior period adjustment:

A) on the 2016 statement of retained earnings.
B) on the 2016 income statement.
C) on the 2017 statement of retained earnings.
D) on the 2017 income statement.
E) accounted for with a cumulative "catch-up" adjustment in 2017.