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BOARDWALK 1000, LLC DBA HARD ROCK HOTEL & CASINO QUARTERLY REPORT FOR THE QUARTER ENDED MARCH 31, 2024SUBMITTED TO THE DIVISION OF GAMING ENFORCEMENT OF THE STATE OF NEW JERSEYOFFICE OF FINANCIAL
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Prior period amounts refer to financial figures or transactions that occurred in earlier reporting periods and need to be included in current reports for accuracy.
Entities that prepare financial statements, including businesses and non-profits, are required to file prior period amounts if adjustments are needed to correct previously reported figures.
To fill out prior period amounts, one must gather data from past financial statements, identify necessary adjustments, and make the proper entries in the current reports, clearly indicating the nature and impact of the adjustments.
The purpose is to ensure the accuracy and reliability of financial statements by rectifying any misstatements from previous periods.
Information must include the nature of adjustments, the affected financial statement items, the amounts involved, and an explanation of why the adjustments are necessary.
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