Question: How do we account for a Correction of a Material Error of a past period that is discovered in the current period? a. as a

How do we account for a Correction of a Material Error of a past period that is discovered in the current period?

a. as a prior period adjustment (prior period restatement).

b. as a prior period adjustment (current period restatement.

c. as a future period restatement.

d. all of the above.

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