CPA Associates was organized on January 1, 2011, as a corporation. List the errors that you find in the following financial statements and prepare the corrected statements for the three months ended March 31, 2011.
Definitions:
Subjectivity
The quality of being based on or influenced by personal feelings, tastes, or opinions, as opposed to objective, measurable facts.
Research
is the process of systematically observing reality to assess the validity of a theory.
Deception
The act of misleading or providing false information to others in order to gain an advantage or hide the truth.
Experimental Research
A research methodology that assesses cause-and-effect relationships by manipulating one or more variables while holding others constant to study their effects on certain outcomes.
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