Quiz 02.126-131 – Impact of Omissions and Errors on O’Brian Co.’s Financial Statements

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Assess the influence of omissions and errors found in O'Brian Co.'s adjusted trial balance for the year ending 12/31/2021 on the components of the company's 2021 Income Statement and 12/31/2021 Balance Sheet. Utilize the provided code (N, O, U) to indicate the effect on each component.

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