A correction of an error in prior periods' income will be reported In the income statement Net of tax Yes Yes O No No Yes No No Yes QUESTION 15 The correct order to present current assets is cash, accounts receivable, prepaid items, inventories. cash, accounts receivable, inventories, prepaid items. cash, inventories, accounts receivable, prepaid items. cash, inventories, prepaid items, accounts receivable. QUESTION 16 Which of the following is not a required supplemental disclosure for the balance sheet? Contingencies Financial forecasts Accounting policies Contractual situations