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Which of the following characteristics does not relate to prior period adjustments? (Select from the option)

A) They can be specifically identified with business activity of a prior period.

B) They have a material effect on income from continuing operations of the current year.

C) They could not have been reasonably estimated in a prior period.

D) They are attributable to economic events occurring subsequent to prior period financial statements.

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Question added by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date Posted: 2016/07/27
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