Question: A company made an error in calculating and reporting amortization expense in Year 1. The error was discovered in Year 2. The item should be

A company made an error in calculating and reporting amortization expense in Year 1. The error was discovered in Year 2. The item should be reported as a prior period adjustment: Question 2 options: on the Year 1 statement of retained earnings. on the Year 1 income statement. on the Year 2 statement of retained earnings. on the Year 2 income statement

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