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hope you can help 41 A prior period adjustment appears in the financial statements of the current year when: Multiple Choice 00:21:50 Skipped O A

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41 A prior period adjustment appears in the financial statements of the current year when: Multiple Choice 00:21:50 Skipped O A non-recurring loss in a prior year was not separately stated (but still included in total results of operations for the year). O Earnings per share figures from prior years are restated to reflect the increased number of shares outstanding due to a stock split or a stock dividend. O An error was made in computing the net income of the current period. O An error was made in measuring the net income of a previous year or years.44 Thurman Corporation issued 450,000 shares of $0.50 par value capital stock at its date of incorporation for cash at a price of $4 per share. During the first year of operations, the company earned $100,000 and declared a dividend of $40,000. At the end of this first year of operations, the balance of the Common Stock account is: 8 00:20:08 Multiple Choice Skipped O $1,820,000. O $225,000. O $1,860,000. $1,800,000.42 Assuming there is no preferred stock, book value per share of common stock is derived by which of the following? Multiple Choice 8 00:21:39 Skipped O Stockholders' equity divided by the number of shares outstanding. O Net income divided by the number of shares authorized. O Net income divided by the number of shares outstanding. O Stockholders' equity divided by the number of shares authorized

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