Prior-period adjustments can arise froma change in accounting principle.a change in accounting entity.a correction of an error made in a prior period.all of these choices.

Prior period items are expenses or incomes which arise in the current period as a result of errors…

Answered: Prior-period adjustments can arise from

Business

Accounting

Prior-period adjustments can arise from

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.2: Golden Bear Golf, Inc.

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Prior-period adjustments can arise from

a change in accounting principle.
a change in accounting entity.
a correction of an error made in a prior period.
all of these choices.

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