MANAGERIAL ACCOUNTING FUND. W/CONNECT
MANAGERIAL ACCOUNTING FUND. W/CONNECT
5th Edition
ISBN: 9781259688713
Author: Wild
Publisher: MCG
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Chapter 13, Problem 8QS
To determine

Concept introduction:

Prior period adjustments:

Prior period adjustment refers to the adjustment of previous years errors in the current year’s financial statement. The financial statement of the current discloses the proper period adjustments as a separate item.

To indicate:

The treatment for the mistake made in recording the repayment of notes payable.

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MANAGERIAL ACCOUNTING FUND. W/CONNECT

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