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one of the three is wrong Coming from Question 2... Scenario : On March 1. 2019. Desert discovered that R&D costs of $150.DOD for 2017

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Coming from Question 2... Scenario : On March 1. 2019. Desert discovered that R&D costs of $150.DOD for 2017 were capitained as a part of the of the Patent, instead of being expensed Income from Continuing Operations for 2019 includes the current y of $125.000 as an expense. wal l RADO 1. What type of scenario is addressed? Correction of an Error 2. What adjustment (if any) is needed to Desert's 10 for 2019? No Change Needed 3. Does Desert need to restate its 2017 financial statements? Yes Answer 1: Correction of an Error Answer 2: No Change Needed Answer 3

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