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A prior period adjustment for understatement of net income will Select one: O a. show as an asset on the current year's Balance Sheet. O
A prior period adjustment for understatement of net income will Select one: O a. show as an asset on the current year's Balance Sheet. O b.be debited to the Retained Earnings account. O c. show as a gain on the current year's Income Statement. O d. be credited to the Retained Earnings account
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