Basic Accounting By Win Ballada Answer Keys 16th Edition PORTABLE 🥊

Basic Accounting By Win Ballada Answer Keys 16th Edition

what would be the effect on the financial statements if the company fails to make the adjusting entry on december 31 answer if the company fails to make the december 31 adjusting entry there will be four consequences:

1) owner’s equity will be understated by $1,000
2) long term debt will be overstated by $1,000
3) fixed assets will be overstated by $1,000
4) long term debt will be understated by $1,000

the accounting equation and balance sheet will show assets (owner’s equity) understated by $1,000 and owner’s equity overstated by $1,000.

what would be the effect on the financial statements if the company fails to make the adjusting entry on december 31 answer if the accounting manager fails to make the december 31 adjusting entry there will be four consequences:

1) revenue expense or prepaid income will be overstated by $1,000
2) prepaid income will be overstated by $1,000
3) net income will be overstated by $1,000
4) owner’s equity will be overstated by $1,000

the accounting equation and balance sheet will show liabilities (revenue expense) understated by $1,000 and owner’s equity overstated by $1,000.

1) liabilities (accounts payable) will be understated by $1,000
2) post-retirement benefits will be overstated by $1,000
3) owner’s equity will be understated by $1,000
4) liabilities (accounts payable) will be understated by $1,000

the accounting equation and balance sheet will show liabilities (accounts payable) understated by $1,000 and owner’s equity overstated by $1,000.

this textbook presents basic financial accounting concepts and shows your students how they apply to the hospitality industry. this edition has a revised, user-friendly learning environment. each chapter also includes five new problems to give students practice using accounting information.
what would be the effect on the financial statements if the company fails to make the adjusting entry on december 31 answer if the company fails to make the december 31 adjusting entry there will be four consequences: 1) owner’s equity will be understated by $1,000 2) long term debt will be overstated by $1,000 3) fixed assets will be overstated by $1,000 4) long term debt will be understated by $1,000 the accounting equation and balance sheet will show assets (owner’s equity) understated by $1,000 and owner’s equity overstated by $1,000.
what would be the effect on the financial statements if the company fails to make the adjusting entry on december 31 answer if the accounting manager fails to make the december 31 adjusting entry there will be four consequences: 1) revenue expense or prepaid income will be overstated by $1,000 2) prepaid income will be overstated by $1,000 3) net income will be overstated by $1,000 4) owner’s equity will be overstated by $1,000the accounting equation and balance sheet will show liabilities (revenue expense) understated by $1,000 and owner’s equity overstated by $1,000.
what would be the effect on the financial statements if the company fails to make the adjusting entry on december 31 answer if the accounting manager fails to make the december 31 adjusting entry there will be four consequences: 1) liabilities (accounts payable) will be understated by $1,000 2) post-retirement benefits will be overstated by $1,000 3) owner’s equity will be understated by $1,000 4) liabilities (accounts payable) will be understated by $1,000the accounting equation and balance sheet will show liabilities (accounts payable) understated by $1,000 and owner’s equity overstated by $1,000.
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M. Kamal CPA P.C.
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M. Kamal CPA P.C.

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