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rect Question 13 0 / 1 pts During the course of preparing annual financial statements, a registrant is evaluating the materiality of three misstatements. The
rect Question 13 0 / 1 pts During the course of preparing annual financial statements, a registrant is evaluating the materiality of three misstatements. The first was an improper expense accrual (e.g. , overstated liability) in the amount of $1000, which was recorded in the prior year and subsequently reversed through income in the current year. The second is an overstatement of Accounts Receivable of $500 due to in appropriate revenue recognition. The third is an overaccrual of vacation liability of $700 which occurred in the current year. What is the amount of error on a rollover basis? Blank #1 2200 Answer 1: 2200 rect Question 14 0/1 pts During the course of preparing annual financial statements, a registrant is evaluating the materiality of three misstatements. The first was an improper expense accrual (e.g. , overstated liability) in the amount of $1000, which was recorded in the prior year and subsequently reversed through income in the current year. The second is an overstatement of Accounts Receivable of $500 due to in appropriate revenue recognition. The third is an overaccrual of vacation liability of $200 which occurred in the current year. What is the amount of error on an iron curtain basis? Blank #1 700 Answer 1: 700
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