Practice
Check your answer
Write your response and explain your reasoning.
Given a signed multi-period effect ledger, current and deferred tax facts, and period-specific basic and diluted share schedules, generate the comparative statements and current correction entry. List and perform the independent articulation, tax, EPS, cash-flow, and duplication controls needed before the note can be drafted.
Compare your reasoning with the worked answer
A complete answer reconciles every statement and period; it does not use one tax rate or current share count by default and keeps the current ledger entry separate from comparative restatement.