What is the effect of the error on ending owners equity for


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2. Open the Guidance Report and rework the problem with the changed numbers and place your answers on the guidance report. Do not alter the guidance report.

3. Submit the guidance report using the Assignment Submission tab below.

Complete the following problems and exercises:
Chapter Five, Exercise 1
Chapter Five, Problem 2
Chapter Six, Exercises 2 and 3
Chapter Six, Problem 2

Week Three Guidance Report

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Ch 5 Ex 1:
What is the effect of the error on ending owner's equity for 20X3 and 20X4?

Ch 5 problem 2:
Which of three methods would be chosen if management's goal is to:
•Produce an up-to-date inventoryvaluation on the balance sheet?

•Approximate the physiacl flow of a sand and gravel dealer?

•Report low earnings(for tax purposes) for a seperate electronics company that has been experiencing declining purchase prices?

Another Questions are in attached excel file:

Attachment:- -Guidance-Report- Excel file.rar

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Financial Accounting: What is the effect of the error on ending owners equity for
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