ACC 225:Explain whether the error is likely to be discovered when completing the worksheet.

ACC 225
Axia College of University of Phoenix (UoP)
Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

Week Four (Week 4) Solution

CheckPoint: Preparing Balance Sheets and Statements
Resource: Fundamental Accounting Principles, pp. 156 and 159
Due Date: Day 4 [Individual] forum
Complete Quick Study question QS 4-2 on p. 156 and Exercises 4-4 and 4-5 on p. 159.
Post your answers as an attachment.

Assignment: Preparing Entries and Statements
Resources: Fundamental Accounting Principles, pp. 165-167
Due Date: Day 7 [Individual] forum
Complete Problems 4-5A and 4-6A. When responding to the analysis
component of 4-5A, be sure to think critically about the possible errors
that are described. In your answer, be sure to carefully analyze the
worksheet as if the errors were made and present the evidence for your
explanation. Identify the consequences of the errors and describe their
impact on the financial statements. Explain whether the error is likely
to be discovered when completing the worksheet.
Post your answers as an attachment.