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Prior period adjustments to correct for overstatement

Prior period adjustments to correct for overstatement 



1
Identify which of the following items would be reported as additions (A) or deductions (D) in a Retained Earnings Statement.
1.	Net Income
2.	Net Loss
3.	Cash Dividends
4. 	Stock Dividends
5. 	Prior period adjustments to correct for overstatement of prior yearsÃ¢â‚¬â„¢ net income
6.	Prior period adjustments to correct for understatement of prior yearsÃ¢â‚¬â„¢ net income




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Other / Other

06 Apr 2016

Answers (1)

Genius

06 Apr 2016

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Prior period adjustments to correct for overstatement

Prior period adjustments to correct for overstatement Prior peri ****** ******
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