The IT manager of Aztec Realty, Inc. prepared the statement of financial position of the company while

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The IT manager of Aztec Realty, Inc. prepared the statement of financial position of the company while the accountant was ill. The statement of financial position contains numerous errors. In particular, the IT manager knew that the statement of financial position should balance, so she plugged in the retained earnings amount to achieve this balance. The retained earnings amount, however, is not correct. All other amounts are accurate, but some are out of place.
The IT manager of Aztec Realty, Inc. prepared the statement

Requirement
Prepare a new, corrected statement of financial position for Aztec Realty, Inc.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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