Prior period adjustments to financial statements can result from:

A) Changes in estimates of salvage value.
B) Unacceptable accounting practices.
C) Discontinued operations.
D) Changes in tax law.
E) Changes in estimates of useful life.

Prior Period Adjustments

Adjustments made to the financial statements to correct errors or omissions in the financials of previous reporting periods.

Unacceptable Accounting Practices

Methods or practices that are not in accordance with generally accepted accounting principles (GAAP) or ethical standards.

Salvage Value

The estimated resale value of an asset at the end of its useful life.