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Evgen [1.6K]
3 years ago
14

If a material error is discovered in an accounting period subsequent to the period in which the error is made:

Business
1 answer:
boyakko [2]3 years ago
5 0

Answer: Any previous years’ financial statements are retrospectively restated to reflect the correction.

Explanation:

If an accounting error that is material is discovered in a period after the period that the error was made, every financial statement that was affected will have to be restated so that the correction is reflected by them. This was the entries on the books will be more accurate.

For instance, if a material error that occurred in 2017 is discovered in 2020, then the '17, '18 and the '19 statements have to be corrected to reflect that there was an error that needed correcting.

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groomer, kennel attendant, veterinary assistant, trainer, Animal Control worker.

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these are all examples of high paying animal related jobs that do not require less of school, though depending on the facility, they may require schooling.

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For an accountant, which of the following tasks is the most likely to be done
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3 years ago
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest
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$ 2,621.28  

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FV=PV*(1+r)^n

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