Introduction to Accounting

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Q17: No entry was recorded for the exchange of stock for land.  This error would cause:

a. the period end stockholders' equity to be understated

b. the period end stockholders' equity to be overstated

c. the period net income to be understated

d. a & b

Feb 23rd, 2015

a

Feb 23rd, 2015

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Feb 23rd, 2015
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