Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: harra on Sep 19, 2017



Title: If a required prepaid adjustment had not been made, the financial statements would have been ...
Post by: harra on Sep 19, 2017
If a required prepaid adjustment had not been made, the financial statements would have been affected as follows:
A) net income overstated, assets overstated, liabilities unaffected, and owner's equity overstated.
B) net income understated, assets unaffected, liabilities overstated, and owner's equity understated.
C) net income overstated, assets understated, liabilities understated, and owner's equity unaffected.
D) net income understated, assets understated, liabilities understated, and owner's equity unaffected.


Title: Re: If a required prepaid adjustment had not been made, the financial statements would have been ...
Post by: Hanoi on Sep 19, 2017
Content hidden


Title: Re: If a required prepaid adjustment had not been made, the financial statements would have been ...
Post by: harra on Dec 31, 2017
Great answer