Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Sep 2017 My Price 4.00

Quest Hospital

Because of an error, Quest Hospital’s December 31, 20X1, inventory was understated by $19,000. What is the effect of this error on the hospital’s reported excess of revenues over expenses for 20X1 and its balance sheet at December 31, 20X1? What effect, if any, will this error have on the hospital’s 20X2 excess of revenues over expenses?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Sep 2017 05:09 PM My Price 4.00

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