Question: 16. A material prior period error should be corrected Retrospectively or in the current reporting period b) Retrospectively c) Prospectively d) Prospectively unless it is

 16. A material prior period error should be corrected Retrospectively or

16. A material prior period error should be corrected Retrospectively or in the current reporting period b) Retrospectively c) Prospectively d) Prospectively unless it is impracticable to do so e) Either retrospectively or prospectively

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