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L02 E18.6 In 2016 Cummings Company, which is subject to a 30 percent tax rate, recognized interest revenue of $15,000. In January 2019, the accountant
L02 E18.6 In 2016 Cummings Company, which is subject to a 30 percent tax rate, recognized interest revenue of $15,000. In January 2019, the accountant discovered that the correct amount of interest revenue for 2016 was $25,000. What is the effect of this error on the 2019 statement of shareholders' equity
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Cima Learning System Management Accounting Performance Evaluation Edition
Authors: Robert Scarlett
4th Edition
0750684305, 978-0750684309
