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If a company discovers a mistake in 2021 that was made in 2018, the company records the adjustment in the year

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If a company discovers a mistake in 2021 that was made in 2018, the company records the adjustment in the year

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