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Prior period adjustments can either be added or subtracted in the Retained 1 point Earnings Statement. True False 1 point Subsequent events are events occurred

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Prior period adjustments can either be added or subtracted in the Retained 1 point Earnings Statement. True False 1 point Subsequent events are events occurred after the preparation of F/S and before the issuance of F/S.* True False 1 point Earnings Quality is the degree of correlation between accounting income and money income. True False

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