Requires adjustment before annual financial statements

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1.Review the balance sheet of Polaris in Appendix A. Identify one asset account that requires adjustment before annual financial statements can be prepared. What would be the effect on the income statement if this asset account were not adjusted? (Number not required, but comment on over or understating of net income.)

Reference no: EM13890944

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Requires adjustment before annual financial statements : 1.Review the balance sheet of Polaris in Appendix A. Identify one asset account that requires adjustment before annual financial statements can be prepared.
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