${?}_{I4\text{T}\text{h}\text{e}\text{t}\text{h}\text{r}\text{e}\text{e}\text{c}\text{l}\text{a}\text{s}\text{s}\text{i}\text{f}\text{i}\text{c}\text{a}\text{t}\text{i}\text{o}\text{n}\text{s}of\text{r}\text{e}\text{s}\text{t}\text{r}\text{i}\text{c}\text{t}\text{i}\text{o}\text{n}\text{s}of\text{r}\text{e}\text{t}\text{a}\text{i}\text{n}\text{e}\text{d}\text{e}\text{a}\text{r}\text{n}\text{i}\text{n}\text{g}\text{s}\text{a}\text{r}\text{e}\text{l}\text{e}\text{g}\text{a}\text{l}\text{,}\text{c}\text{o}\text{n}\text{t}\text{r}\text{a}\text{c}\text{t}\text{u}\text{a}\text{l}\text{,}\text{a}\text{n}\text{d}A}$ imaginary

$B$ Prior period adjustments should be reported as an adjustment to the beginning balance of

retained earnings on the statement of retained earnings.

$\_$I$7$ T$/$F: The primary purpose of a stock split is to reduce the price of a company's stock to encourage

more investors to buy the company's shares.