Which of the following is an error that would require a company to record a prior period adjustment?

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All of these choices are errors that would require a company to record a prior period adjustment. A mathematical error refers to an error in computation, such as adding or subtracting a number incorrectly. Misconstrued facts of the transaction refer to a situation where the facts surrounding a financial transaction were not properly understood or interpreted. Misapplication of accounting principles refers to cases where accounting rules or principles were incorrectly applied. All of these errors can have a material impact on a company's financial statements, and therefore require a prior period adjustment to correct them.

Which of the Following Is an Error That Would Require