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Which of the following statements is correct? Correction of an error related to a prior period should be considered as an adjustment to current
Which of the following statements is correct? Correction of an error related to a prior period should be considered as an adjustment to current year net income. Changes in accounting policy are always handled in the current or prospective period. Prior statements should be restated for changes in accounting estimates. A change in periods benefited by deferred costs should be handled as a change in accounting estimate.
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