Solutions Manual for Fundamental Accounting Principles Volume 2 17ce 17th Canadian Edition by Kermit D. Larson, Heidi Dieckmann, John Harris. ISBN-13: 1332
Full Chapters Solutions are included for Volume 2 17ce Larson
CHAPTER 9 Property, Plant, and Equipment and Intangibles
CHAPTER 10 Curren...
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SOLUTIONS MANUAL
Fundamental Accounting Principles
17th Canadian Edition
by Larson/Dieckmann/Harris
AI-1
, Appendix I Payroll Liabilities
Appendix Critical Thinking Challenge Questions*
If payroll liabilities are not recorded, what is the effect on the financial statements?
- If payroll liabilities are not recorded, expenses on the income statement will be
understated causing profit to be overstated. On the balance sheet, unrecorded payroll
liabilities will cause liabilities to be understated and equity to be overstated.
AI-2
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