PLEASE ANSWER WITHIN 30 MINUTES (by 11 45 PM EST) I WILL THUMBS UP IF CORRECT Blue's Company began operations in 2021 At the end of 2025, Blues discovered that amortization expense on its patents had not been recorded in 2023 or 2024 How would this change be reported in Blues 2025 comparative financial statements in the retained earnings statement as an adjustment to the beginning balance of 2025 retained earnings in the income statement as an adjustment to 2025 amortization expense as a note disclosure with prospective adjustments to amortization expense in the retained earnings statement as an adjustment to the beginning balance of 2024 retained earnings

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Question: PLEASE ANSWER WITHIN 30 MINUTES (by 11:45 PM EST) I WILL THUMBS UP IF CORRECT Blue's Company began operations in 2021. At the end of

PLEASE ANSWER WITHIN 30 MINUTES (by 11:45 PM EST) I WILL THUMBS UP IF CORRECT

Blue's Company began operations in 2021. At the end of 2025, Blues discovered that amortization expense on its patents had not been recorded in 2023 or 2024. How would this change be reported in Blues 2025 comparative financial statements?

in the retained earnings statement as an adjustment to the beginning balance of 2025 retained earnings
in the income statement as an adjustment to 2025 amortization expense
as a note disclosure with prospective adjustments to amortization expense
in the retained earnings statement as an adjustment to the beginning balance of 2024 retained earnings

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