After preparing the financial statements for 2015,the accountant for the Dawson Corporation discovered that a prior period adjustment had been omitted from the 2013 financial statements.Which of the following is most likely to require correction as a result of this oversight?

Question

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The omission of a prior period adjustment from the 2013 financial statements would affect the balance of retained earnings. Therefore, ending retained earnings at December 31, 2015, would need to be corrected to include the prior period adjustment. Earnings per share, net income for 2015, and extraordinary items would not be impacted by the oversight in the 2013 financial statements.

After Preparing the Financial Statements for 2015,the Accountant for the Dawson