Most of the following statements are true regarding the correction of errors in accounting and reporting. Which stateme

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Most of the following statements are true regarding the
correction of errors in accounting and reporting. Which
statement is FALSE regarding error correction?
a. Errors are more easily corrected if they did not affect net
income in a previous year
b. Correction of accounting errors requires prospective
treatment.
c. Discovery of errors will often require restatements of the
previous years' financial statements
d. Many accounting errors, when discovered, result in
adjustments to retained earnings