[GoVPI]

(shortened for time)

Jessica Company had year end Dec 31,2012, what impact do the following situations have on the four accounts?

1. Overstatement of allowance for doubtful accounts $6000

Current Assets Non Current Assets Current Liab Net sales

2. A subsidiary of the company had a loss of $90,000

Current Assets Non Current Assets Current Liab Net sales

3. Inventory on consignment worth $15,000 was included at year end

Current Assets Non Current Assets Current Liab Net sales

BEC 8/14/14 - Passed
Graduated from college 12/13/14
AUD 8/31/15 - 74. Retake - Passed
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