Answer:
Restate financial statement for the first and second year.
Prepare financial statement of year 3 reflecting the effects of error from year one and two
Explanation:
A revision of the the entire financial statement from year one will be helpfull, when this is re-stated for the first and second year. Then in stating the amount of assets and liabilities carried into year three, the cummulative effect of the error from the previous two years should be reflected.
Answer:
Please see the attached image
Explanation:
You format a worksheet to emphasize certain entries and make the worksheet easier to read and understand.
