Accounting · Financial Statements and Terminology
Errors or omissions in the financial statements of one or more previous years that are discovered in the current accounting period are referred to as ______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Adjusting events
- 2Ordinary activities
- 3Extraordinary items
- 4Prior period items✓
Correct answer
Prior period items
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