Multiple Choice
If a firm detects an error at the end of the year, where property taxes on the headquarters buildings was recorded as a debit to Cost of Goods Sold instead of Selling and Administrative Expenses, which of the following entries would they make?
A) correcting
B) reversing
C) closing
D) memorandum
E) t-account
Correct Answer:
Verified
Correct Answer:
Verified
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