Final correction Flashcards

1
Q

Temp. tax error.

A

Payable error and DTL/DTA error

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2
Q

Perm. tax error.

A

Payable error

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3
Q

Temp. book error.

A

DTL/DTA error

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4
Q

Perm. book error.

A

no error

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5
Q

No diff from error.

A

Payable error

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6
Q

Events that provide information about existing data on the B.S. date.

A

Type 1 (Recognized) subsequent event

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7
Q

Events that do NOT provide information about existing data on the B.S. date.

A

Type 2 (Unrecognized) subsequent event

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