Multiple Choice
When calculating the interest on a note receivable 365 days instead of 360 days was used.This error would cause:
A) the period end assets to be overstated.
B) the period end liabilities to be understated.
C) the period's net income to be overstated.
D) the period's net income to be understated.
Correct Answer:
Verified
Correct Answer:
Verified
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