Any error in the financial statements of a prior period, Accounting Basics

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Any error in the financial statements of a prior period

Question: Any error in the financial statements of a prior period discovered after the financial statements are issued shall be reported as a prior period correction by restating the prior-period financial statements. What three items does restatement require?

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Accounting Basics: Any error in the financial statements of a prior period

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Accounting Basics: Any error in the financial statements of a prior period

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