What is a prior period adjustment, and where would it be presented in the nancial statements?

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What is a prior period adjustment, and where would it be presented in the ﬁnancial statements?

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Question Posted: Mar 27, 2015 06:35 AM

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What is a prior period adjustment, and where would it be presented in the nancial statements?

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A prior period adjustment is made to correct an error that occurred in one fiscal ye...View the full answer

Core Concepts of Accounting

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