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 Unadjusted misstatement 13,983 19 Total misstatement 54,403 76 Less Adjusting journal entry (ies) (net) 40,420 57 Unadjuste...

The total misstatement of 5440376 refers to the initial amount identified as an error or discrepancy ...

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

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

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: May 30, 2023 06:36 AM

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

Question:

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

Expert Answer:

The total misstatement of 5440376 refers to the initial amount identified as an error or discrepancy ... View the full answer

Intermediate Accounting

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