Question
The accountant for Kearns Company mistakenly posted an expense amount as an asset in the general ledger. What is the financial statement impact of this
The accountant for Kearns Company mistakenly posted an expense amount as an asset in the general ledger. What is the financial statement impact of this error?
Assets are too high, and retained earnings are too low.
Assets are too low, and retained earnings are too low.
Assets are too high, and retained earnings are too high.
Assets are too low, and retained earnings are too high.
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Corporate Environmental Reporting The Western Approach To Nature
Authors: Leanne J Morrison
1st Edition
0367785455, 9780367785451
