Unusual items affecting the prior period's income statement consist of changes in or errors in applying accounting principles.

Name: Unusual items affecting the prior period's income statement consist of changes in or errors in applying accounting principles.
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Question

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Unusual items affecting the prior period's income statement can include changes in accounting principles or errors in their application, which may result in significant adjustments to the financial statements.

Unusual Items Affecting the Prior Period's Income Statement Consist of Changes