Question: A prior period adjustment: Select one: a. may be recorded for a lawsuit that was initiated two years ago but was settled this year. b.

A prior period adjustment: Select one: a. may be recorded for a lawsuit that was initiated two years ago but was settled this year. b. is disclosed in the balance sheet. c. may be recorded for a computational error of a prior period that was discovered this period. d. may be recorded for an additional tax assessment for a prior year

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