What is a prior-period adjustment? How and when is a prior-period adjustment recorded?
What will be an ideal response
A prior-period adjustment is a correction to retained earnings for an error in an earlier period. A prior-period adjustment is corrected by adjusting the beginning balance in the Retained Earnings account in the period when the error is discovered.
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The entire sequence of activities that add value to a company's products and services is called ________
A) the value chain B) the planning process C) TQM production chain D) Enterprise Resource Planning
Job burnout is most common in employees who _____
a. must work primarily alone b. operate delicate instruments or expensive machinery c. deal extensively with other human beings who are troubled or having problems d. work in dangerous occupations e. are in top-management positions where large numbers of people or money are controlled