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Other Fields Homework Help Accounting Topic started by: upton on Jun 6, 2017



Title: When making the adjustment for accrued interest the Bond Discount account was not taken into ...
Post by: upton on Jun 6, 2017
When making the adjustment for accrued interest the Bond Discount account was not taken into consideration. This error would cause:
A) the period end assets to be overstated.
B) the period end liabilities to be understated.
C) the period's net income to be overstated.
D) Both B and C are correct.


Title: Re: When making the adjustment for accrued interest the Bond Discount account was not taken into ...
Post by: Laffio on Jun 6, 2017
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