Question: If a prior-period error only affects the balance sheet, the company should Question 19 options: a) discuss the error in the notes to the financial

If a prior-period error only affects the balance sheet, the company should Question 19 options: a) discuss the error in the notes to the financial statements and restate the balance sheet from the prior year. b) discuss the error in the notes to the financial statements only. c) make a correcting journal entry and restate the balance sheet for the prior year. d) restate the balance sheet from the prior year if it shows comparative financial statements

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