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The effects of accounting distortions on the earnings depend on which of the following factors? I. Does the error relate to an asset or a
The effects of accounting distortions on the earnings depend on which of the following factors?
I. Does the error relate to an asset or a liability?
II Does the error result in an overstatement or an understatement of the asset or liability?
III. Is the error originating or reversing during the period?
I only
I and II
I and III
II and III
I, II and III
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