Answer:
B : Correction of an error in the financial statements of a prior period discovered subsequent to their issuance
Explanation:
As the accounting uses the matching principles to assing revenues and expenses a prior perior expense will not affect the current period of 2020.
The accountning should represent the reality and the event that generate the income/expense was before 2020 Thus, it should not affect 2020
Else, the information will be tained as 2020 period is taking expenes fro mother period making the current income understated.
