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

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Unusual items affecting the prior period's income statement include errors (such as mathematical mistakes or misapplication of accounting principles) and changes in accounting principles (such as adopting a new method of revenue recognition or changing the useful life of an asset). These items are typically non-recurring and can have a significant impact on the financial statements.

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