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upton upton
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7 years ago
When calculating the interest on a note receivable 365 days instead of 360 days was used. This error would cause:
A) the period end assets to be overstated.
B) the period's net income to be overstated.
C) the period end liabilities to be understated.
D) the period's net income to be understated.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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#1
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7 years ago
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