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Business, 26.07.2019 05:20 jiang6117

At the end of 2009, ritzcar co. failed to accrue sales commissions earned during 2009 but paid in 2010. the error was not repeated in 2010. what was the effect of this error on 2009 ending working capital and on the 2010 ending retained earnings balance?
(a) overstated (2009 ending working capital); overstated (2010 ending retained earning)
(b) no effect (2009 ending working capital); overstated (2010 ending retained earning)
(c) no effect (2009 ending working capital); no effect (2010 ending retained earning)
(d) overstated (2009 ending working capital); no effect (2010 ending retained earning)

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