Which of the Following Statements Is TRUE About Prior Period

Which of the following statements is TRUE about prior period adjustments?

A) Prior period adjustments require a complete restatement of prior year financial reports.
B) Prior period adjustments are shown on the statement of retained earnings as corrections to the beginning balance.
C) Prior period adjustments affect balance sheet accounts only, and must be included on single-step income statements.
D) Prior period adjustments must be included as a separate line item on a multi-step income statement.