Question: Prior - period errors: Multiple Choice are not corrected in the year they are found through the current year's income statement. are corrected on a

Prior-period errors:
Multiple Choice
are not corrected in the year they are found through the current year's income statement.
are corrected on a prospective basis.
are corrected in the year they are found through the current year's income statement.
do not result in a restatement of opening retained earnings.
Prior-period errors: Multiple Choice are not corrected in the year they

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