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On May 1 , 2 0 1 9 , Matador received $ 3 3 7 , 8 0 0 for the sale of merchandise to
On May Matador received $ for the sale of merchandise to a customer. The contract specified that Matador would deliver their product in equal monthly quantities over months. When Matador recorded the sale the bookkeeper credited a nominal account. No adjusting or correcting entries were made and the bookkeeper realized the error after ICO was calculated. Determine the adjustment to ICO. Matador has a corporate tax rate of 
On May Matador received $ for the sale of merchandise to a customer. The contract specified that Matador would deliver their product in equal monthly quantities over months. When Matador recorded the sale the bookkeeper credited a nominal account. No adjusting or correcting entries were made and the bookkeeper realized the error after ICO was calculated. Determine the adjustment to ICO. Matador has a corporate tax rate of
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Contemporary Auditing
Authors: Michael C. Knapp
10th edition
978-1285066608, 128506660X, 978-1305445161, 1305445163, 978-1305970816
