(Solved by Expert Tutors) After the Julie Company issued its previous years? financial statements,

calculated depreciation expense and, thus, disclosed this fact as a prior period adjustment in its current years? financial statements. (This difference also did not affect any cash balances, since Julie maintained an operating loss for both periods.) However, Julie did not issue comparative financial statements in the current year. Julie now wonders how to disclose this prior period adjustment in its current year?s Statement of Cash Flows.?? Cite codifications (ASC 250-10-50-9 and 230-10-50-3), at least one journal article/publication on the topic and one other source (look for Big Four accounting publications for guidance). Need about 1 page to 1.5 pages

 

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