Question: Explain and calculate the errors in the balance sheet and income statement for the past three years. Compare the company s missing information and errors

Explain and calculate the errors in the balance sheet and income statement for the past three years.

Compare the company

s missing information and errors for the last three years from the balance sheet and income statement.

Except for the land depreciation error, I am struggling to grasp how expenses were allocated incorrectly and how revenue wasn't recognized appropriately. Year

4

would be considered current year, and year

1, 2, 3

are the last three years the problem is referring too.

Explain and calculate the errors in the balance

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