Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the...
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Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of ots physical inventory on Dec. 31, 20y8, Madison incorrectly counted ots inventory ad 545,000 instead of the correct amount of 555,,400. How does this effect error on balance sheet items.....inventory...current assets...total assets..and Stockholder enquity?
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