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The accounting firm of Kessler & Johnson, CPAs, recently completed an audit of Cessna Company. In 2020, Cessna Company reported revenue of $21000,000 and earnings
The accounting firm of Kessler & Johnson, CPAs, recently completed an audit of Cessna Company. In 2020, Cessna Company reported revenue of $21000,000 and earnings before tax of $1,500,000. However, Kessler & Johnson, CPAs found an accounting error wherein Cessna reported $126.000 in revenue in 2020 that was not earned until 2021 the error related to the additional $126,000 of revenue a material error? Why or Why Not? Cint-use percentages to explain why the error is or is not material, similar to the materiality problems we discussed in class") Essay Toobat navigation BI Us Hii 2 >
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