johndoliver8522 johndoliver8522

12-04-2024
Business

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Leftarm Inc. is a calendar-year corporation. The following errors were made: Leftarm purchased Treasury Stock at 12/31/24 for $4,000. No journal entry was recorded in either 2024 or 2025. • Failed to accrue Wages Payable at 12/31/24: $5,000 12/31/25 Total Stockholders' Equity is in error by:
A. $4,000
B. $5,000
C. $9,000
D. $1,000

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