The reported net incomes for the first 2 years of Larkspur Products, Inc., were as follows: 2020, $156,100; 2021, $196,600. Early in 2022, the following errors were discovered. 1. Depreciation of equipment for 2020 was overstated $16,400. 2.
Answers (1)
2,000,000 shares of no-par common stock were authorized; 750,000 shares were issued on January 1, 2019, at $35 per share. 800,000 shares of $100 par value, 7.
Answers (1)