Question $3(2$ points$)$

The correction of an error in the financial statements of a prior period should be$.$ reflected, net of applicable income takes, in the current

Income statement after income from continuing operations and before discontinued operations.

Retained earnings statement after net income but before dividends

Income staternent after income from continuing aperations and after ofscomtirued operalions:

Rotained earnings statement as an adpustment of the openige bilence.