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    Financial and Managerial Accounting Study Set 8
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    Exam 12: Income and Changes in Retained Earnings
  5. Question
    Prior Period Adjustments Appear in the Statement of Retained Earnings
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Prior Period Adjustments Appear in the Statement of Retained Earnings

Question 106

Question 106

True/False

Prior period adjustments appear in the statement of retained earnings and in the income statement for the current year.

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