Question: tems reported as prior-period adjustments A. Do not include the effect of a mistake in the application of accounting principles, as this is accounted for

tems reported as prior-period adjustments A. Do not include the effect of a mistake in the application of accounting principles, as this is accounted for as a change in accounting principle rather than as a prior-period adjustment. B. Do not require further disclosure in the body of the financial statements. C. Are reflected as adjustments of the opening balance of the retained earnings of the earliest period presented. D. Do not affect the presentation of prior-period comparative financial statements

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