Requirement: a. What is the effect of the errors on Biden's December 31, 20x2 retained earnings? net effects of the errors on Biden's 20x1 and 20x2 profit or loss, repesctively = overstated by P24,000
Requirement: a. What is the effect of the errors on Biden's December 31, 20x2 retained earnings? net effects of the errors on Biden's 20x1 and 20x2 profit or loss, repesctively = overstated by P24,000
Chapter10: Inventory
Section: Chapter Questions
Problem 14PA: Assuming a companys year-end inventory were overstated by $5,000, indicate the effect...
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Requirement:
a. What is the effect of the errors on Biden's December 31, 20x2
net effects of the errors on Biden's 20x1 and 20x2 profit or loss, repesctively = overstated by P24,000
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