The auditors informed the company that the provision for warranties was understated by $100,000 at 30 June

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The auditors informed the company that the provision for warranties was understated by $100,000 at 30 June 2021 and that the account should be adjusted. The effect of the adjustment would be?

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Dec 23, 2023 09:28 AM

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The auditors informed the company that the provision for warranties was understated by $100,000 at 30 June

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The adjustment for an understated provision for warranties at 30 June 2021 will have two main effect... View the full answer

Intermediate Accounting Reporting and Analysis

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