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Which of the following statements is true about errors in the financial statements of a company? Errors are not intentional and when detected are immediately
Which of the following statements is true about errors in the financial statements of a company?
Errors are not intentional and when detected are immediately corrected.
Errors are not intentional and therefore do not need to be corrected.
Errors are a result of intentional mistakes made while recording or posting transactions.
Errors are usually an intentional attempt at fraud.
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