Question
A company accounts for the correction of a material error of a past period that it discovers in the current period as a prospective adjustment.
A company accounts for the correction of a material error of a past period that it discovers in the current period as
a prospective adjustment.
an adjustment to the current period.
a retrospective accounting change.
a prior period restatement
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
