This is from Contemporary Auditing Knapp 6th Edition. Case study 2.8 Perry Drug Stores INC....
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Accounting
This is from Contemporary Auditing Knapp 6th Edition. Case study 2.8 Perry Drug Stores INC.
3. Identify specific misrepresentations in Perry's 1992 financial statement data and related financial ratios that resulted from the company's failure to write off the store 100 inventory balance. Were these misrepresentations "material"? Explain.
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