Error in the financial statements of a prior period

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Reference no: EM13123151

The occurrence that most likely would have no effect on 2007 net income is the

a. sale in 2007 of an office building contributed by a stockholder in 1961.

b. collection in 2007 of a dividend from an investment.

c. correction of an error in the financial statements of a prior period discovered subsequent to their issuance.

d. stock purchased in 1993 deemed worthless in 2007.

Reference no: EM13123151

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