Quiz 20.87 – C. Goode Eyeglasses (Error Not Discovered Until 2023)
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
If C. Goode Eyeglasses overstated its inventory by $30,000 at the end of 2021 and the error is not discovered until 2023, what would be required before adjusting or closing entries in 2023?