The Typhoon Company discovers an overstatement of depreciation in a prior year. What is required? Select one:
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The Typhoon Company discovers an overstatement of depreciation in a prior year. What is required?
Select one:
a. A restatement of financial statements and a credit to Accumulated Depreciation
b. A restatement of financial statements and a debit to Accumulated Depreciation
c. No restatement of financial statements and a credit to Accumulated Depreciation
d. No restatement of financial statements and a debit to Accumulated Depreciation
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