The correction of an error in the financial statements of a prior period should be reflected, net of applicable income taxes, in the current
a. income statement after income from continuing operations and before extraordinary items.
b. income statement after income from continuing operations and after extraordinary items.
c. retained earnings statement after net income but before dividends.
d. retained earnings statement as an adjustment of the opening balance.
D
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Answer the following statements true (T) or false (F)
1. Discard-to-light technology is one of the technologies used in warehouse management systems. 2. One of the benefits of RFID helps to track goods lost in transit. 3. Determining the locations close to modes of transport is part of a facilities network design. 4. NAFTA partners in 2014 represented a larger trading bloc than the 27-member European Union.
The Fair and Accurate Credit Transactions Act (FACTA) of 2003 permits credit reporting companies to place fraud alerts in their credit files
Indicate whether the statement is true or false
Learning curves show
A. that plateaus in performance are regular and predictable. B. that effective training programs eliminate plateaus. C. that performance plateaus are natural and are usually overcome with behavior modification. D. that performance plateaus are natural and are usually followed by a spontaneous recovery.
On March 1, 2016, Hughes Services issued a 6% long-term notes payable for $18,000
It is payable over a 3-year term in $6,000 principal installments on March 1 of each year, beginning March 1, 2017. Which of the following entries needs to be made on March 1, 2016? A) Long-Term Notes Payable 6,000 Cash 6,000 B) Current Portion of Long-Term Notes Payable 18,000 Long-Term Notes Payable 18,000 C) Long-Term Notes Payable 18,000 Accounts Payable 18,000 D) Cash 18,000 Long-Term Notes Payable 18,000