Question
A correction of an error in prior periods income will be reported as an adjustment a. in the income statement, net of tax. b. in
A correction of an error in prior periods income will be reported as an adjustment
a. in the income statement, net of tax.
b. in the retained earnings statement, net of tax.
c. in the income statement, before tax effect.
d. in the balance sheet, before tax effect.
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Modern Auditing Study Guide
Authors: Walter G. Kell
4th Edition
0471619434, 978-0471619437
