Question
Iota Financials Year Reported Income Actual Income Reported Liabilities Actual Liabilities 2021 $1,800,000 $1,600,000 $700,000 $800,000 2022 $2,200,000 $2,000,000 $800,000 $900,000 Requirement: Identify the discrepancies
Iota Financials
Year | Reported Income | Actual Income | Reported Liabilities | Actual Liabilities |
2021 | $1,800,000 | $1,600,000 | $700,000 | $800,000 |
2022 | $2,200,000 | $2,000,000 | $800,000 | $900,000 |
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
5th edition
978-1259728877, 1259728870, 978-1259565403
