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The audit committee of Diamond reported that payments to walnut growers of about $20 million in August 2010 and about $60 million in August/September 2011
The audit committee of Diamond reported that payments to walnut growers of about $20
million in August 2010 and about $60 million in August/September 2011 were not booked
in the correct periods. Present the effect of correcting the grower accounting errors on the
comparative balance sheets and comparative statements of operations of Diamond. Provide
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