Prior-Period Adjustments

question 44

Multiple Choice

Prior-period adjustments:

• A) only decrease retained earnings.
• B) only increase retained earnings.
• C) can either increase or decrease retained earnings.
• D) do not affect retained earnings.

---

Definitions:

Internet

A global network of interconnected computers and servers that facilitates data exchange and communication across long distances.

Healthcare

Encompasses the provision of medical services to prevent, treat, and manage illnesses and preserve mental and physical well-being through the services offered by the health profession.

Health Experiences

Individual perceptions and responses to health, illness, and the healthcare system throughout their life.

Physical Deformity

An abnormality in the shape or size of a part of the body, often present from birth or caused by disease or injury.