SAVE ANSWER Question 18 0.8 points Barry Ltd has financial year ends on 30 June. On 25 October 2019, it was discovered that a major plece of equipment was undervalued in the accounts by $120,000 due to an error made in the valuer's report dated 31 May 2019. For the financial year ended 30 June 2020, an adjustment: O is not necessary, but the item must be fully explained in the notes to the financial statements O may be recognised directly in other comprehensive Income O may be deferred and recognised in a later accounting period O must be made to the prior period comparative balances