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5. Rockford Company paid $ 24,000 for a 3 - year insurance premium on July 1 , 2021. The $ 24,000 was charged to insurance
5. Rockford Company paid $ 24,000 for a 3 - year insurance premium on July 1 , 2021. The $ 24,000 was charged to insurance expense when paid. What is the effect of the error on the net income on the income statement for 2021 and 2022 ? A,B,C, or D? 
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Auditing For Managers The Ultimate Risk Management Tool
Authors: K. H. Spencer Pickett, Jennifer M. Pickett
1st Edition
0470090987, 978-0470090985
