Assume that the required adjustments of Exercise 3-2 were not made at the end of the accounting

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Assume that the required adjustments of Exercise 3-2 were not made at the end of the accounting period. For each adjustment, tell the effect of its omission on the income statement and balance sheet prepared at that time.

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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