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Gotitrong Accounting does the books for Questionable Ventures. Kent Adwell, senior accountant for Gotitrong, delivered the first quarter financial report for QV to QV's CEO,

Gotitrong Accounting does the books for Questionable Ventures. Kent Adwell, senior accountant for Gotitrong, delivered the first quarter financial report for QV to QV's CEO, AI Knowing. Mr. Knowing got upset as soon as he looked over the balance sheet. The balance sheet was labeled Balance Sheet for the period January 1 to March 31, 2019. QV uses the calendar year as its fiscal year (i.e., its fiscal year begins January 1 and ends December 31). Why was Mr. Knowing upset

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