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Tantramar Geothermal Has Hired a New Accountant

Question 28

Multiple Choice

Tantramar Geothermal has hired a new accountant. When she reviewed the financial statements for the previous year, she found a significant error which would mean that the statements were wrong. She should NOT


A) create a new account called "suspense" and use it to correct the error.
B) notify the Management of the company immediately of the problem.
C) research the journal entries to try and find the error.
D) review all of the transactions for the past year for reasonableness.

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