[cpaswag]

Has anyone figured out how to do the second to last AICPA sample test SIM for tests?

Oak Co. is preparing its financial statements as of and for the year ended December 31, year 5. Review the exhibits above to identify any adjustments required to the draft income statement for the year ended December 31, year 5.

Does anyone know how the amounts for net effects of adjustments for assets of (100,000) and for liabilities (11,000) was found?

Also how was the 2.91% calculated for the return on assets i did net income of 711,200 / (45,025,000 + 35,109,000) but did not get that percentage