Spilker Aviation, Inc., failed to make year-end adjustments to record accrued salaries and recognize interest receivable on

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Spilker Aviation, Inc., failed to make year-end adjustments to record accrued salaries and recognize interest receivable on investments over the last three years as follows:

What impact would the correction of these errors have on the net income for these three years? Ignore incometaxes.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:08 AM

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Spilker Aviation, Inc., failed to make year-end adjustments to record accrued salaries and recognize interest receivable on

Question:

2009 2010 2011 Accrued salarles Interest recelvable $21,000 8,500 $17,500 11.400 $26,000 2.100

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Impact of error correction on net income 2009 2010 2011 ...View the full answer

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