Question: Why is total misstatement 54,403.76 when adjusted amount was calculated is the 40,420.57 amount? Total misstatement = 54,403.76 Less: Adjusting journal entry (ies) (net) =

Why is total misstatement 54,403.76 when adjusted amount was calculated  is the 40,420.57 amount?


Total misstatement = 54,403.76 Less: Adjusting journal entry (ies) (net) = -40,420.57 

Total misstatement = 54,403.76 Less: Adjusting journal entry (ies) (net) = -40,420.57 Unadjusted misstatement = 13,983.19

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