Quiz 02.126-131 – Impact of Omissions and Errors on O’Brian Co.’s Financial Statements
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
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.