Solution-How would this error affect the income statement

How would this error affect the income statement

Reference no: EM132710764

Problem - Assume that Esquire Consulting erroneously recorded the payment of $30,000 of dividends as salary expense.

Required -

(a) How would this error affect the equality of the accounting equation?

(b) How would this error affect the income statement, statement of stockholders' equity, balance sheet, and statement of cash flows?

Reference no: EM132710764

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How would this error affect the income statement

Reference no: EM132710764

Reference no: EM132710764

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