For Each of the Following Oversights, State Whether Total Assets

question 293

Short Answer

For each of the following oversights, state whether total assets will be understated (U), overstated (O), or no affect (NA)
___1. Failure to record revenue earned but not yet received
___2. Failure to record expired prepaid rent.
___ 3. Failure to record accrued interest on the bank savings account
___ 4. Failure to record depreciation
___5. Failure to record accrued wages.
___6. Failure to recognize the earned portion of unearned revenues.

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