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2016年美國CPA練習題精選：Financial 60
Under U.S. GAAP, if a company is not presenting comparative financial statements, the correction of an error in the financial statements of a prior period should be reported, net of applicable income taxes, in the current:
a. Income statement after income from continuing operations and before discontinued operations.
b. Retained earnings statement as an adjustment of the opening balance.
c. Retained earnings statement after net income but before dividends.
d. Income statement after income from continuing operations and after discontinued operations.
答案：B
Explanation
Choice "b" is correct. The correction of an error in the financial statements of a prior period should be reported, net of tax, in the current statement of retained earnings as an adjustment of the opening balance.
Choice "c" is incorrect. The adjustment is before net income, not after net income.
Choices "a" and "d" are incorrect. Corrections of errors of prior periods go to retained earnings and do not affect the income statement.
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