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majestico majestico
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Posts: 1455
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7 years ago
The accounting department forgot to adjust for interest on the note payable. This error would cause:
A) the period's net income to be understated.
B) the period end assets to be understated.
C) the period end liabilities to be understated.
D) None of these answers is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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Posts: 772
7 years ago
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majestico Author
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7 years ago
Thanks
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Yesterday
this is exactly what I needed
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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