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Inessa [10]
3 years ago
11

Prior period adjustments are reported as

Business
1 answer:
matrenka [14]3 years ago
6 0

Answer:

c. An addition to (or a deduction from) the beginning balance of retained earnings

Explanation:

A prior period adjustment is the correction of an accounting error that occurred in the past and was reported on a prior year's financial statement, net of income taxes. Prior period adjustment are reported in the statement of retained earnings as an increase or a decrease in the beginning retained earnings. Therefore, the adjusted beginning retained earnings balance is the amount that retained earnings would have been if the error had not been made.

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If you had a two-regressor regression model, then omitting one variable that is relevant:
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D. can result in a negative value for the coefficient of the included variable, even though the coefficient will have a significant positive effect on Y if the omitted variable were included

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In designing the organization:________.
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3 years ago
For various reasons related to trying to prevent a catastrophic recession during the pandemic, the federal government has and wi
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$0.316 trillion per annum

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Required Uniform Annual Payment= Government Borrows × Interest Rate × [(1 + Interest Rate)^Time period ÷ (1 + Interest Rate)Time period] - 1

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