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What happens to previous years accounting reclassifications?

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What happens to previous years accounting reclassifications?

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Companies often will re-classify items for presentation purposes from year to year. WVB will not modify the previous year records. If there are material changes to the previous year reported figures due to mergers, acquisition, disposals or accounting changes, then WVB will add a new record to reflect these changes. Reclassified data is indicated by the code “CA” and the year of publication.

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