When preparing 2012 financial statements, you discover that depreciation expense was not recorded in 2011....
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Accounting
When preparing 2012 financial statements, you discover that depreciation expense was not recorded in 2011. We of the following statements about correction of the error in 2012 is not true? a. The correction requires a prior period adjustment. b. The correcting entry will be different than if the error had been corrected the previous year when it occurred. c. The 2011dereciation expense account will be involved in the correcting entry. d. all of the above.
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