on february, Highline inc. investeds $90000 in a 9 month certificate of Deposit (CD) that...
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Accounting
on february, Highline inc. investeds $90000 in a 9 month certificate of Deposit (CD) that pays an annual interest rate of 2.5 percent. The company prepares quarterly financial statements, using the calender year. If highline fails to make a quarterly adjustment entry on march 31, by how much will the quarters income be understated (enter a positive number)
on february first
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