Question: Prior period errors is best describes as * (1 Point) O Erroneous application of accounting policy based on the standards Omissions and misstatements in

Prior period errors is best describes as * (1 Point) O Erroneous

Prior period errors is best describes as * (1 Point) O Erroneous application of accounting policy based on the standards Omissions and misstatements in the financial statements of the current accounting year O Errors in the account names but with no financial impact O An errors that should never be disclosed since it will deteriorate the entity's reputation

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