Question

You have recently begun a new job as an internal auditor for a large retail clothing chain. The company prepares a multiple-step income statement. You discover that a material amount of salaries expense was erroneously classified as a nonoperating expense. One of your co-workers argues that the error need not be corrected because the net income number is not affected by the misclassification. You disagree. Defend your position.



$1.99
Sales0
Views87
Comments0
  • CreatedFebruary 20, 2015
  • Files Included
Post your question
5000