03-5-Hand-5-2-1

03-5-Hand-5-2-1 - TRADEMARK, INC. June 30, 1999 Enter...

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TRADEMARK, INC. June 30, 1999 HANDOUT 5-2-1 Page 1 Copyright 2001 Deloitte Foundation Al Rights Reserved. PRE-TAX CORRECTING ENTRY TOTAL Enter Effective Marginal Tax Rate: 35% BALANCE SHEET TAX EFFECT (If Applicable) TM or RETAINED OTHER INCOME TOTAL RETAINED OTHER Taxable? WP ASSETS LIABILITIES EARNINGS b/f EQUITY A/Cs STATEMENT SHOULD LIABILITIES EARNINGS b/f EQUITY A/Cs INCOME Yes/No REF Dr (Cr) Dr (Cr) Dr (Cr) Dr (Cr) Dr (Cr) EQUAL 0 Dr (Cr) Dr (Cr) Dr (Cr) Dr (Cr) KNOWN MISSTATEMENTS Underaccrued postretirement benefit cost Yes {a} (5,867,000) 5,867,000 0 2,053,450 0 0 (2,053,450) Accounts payable errors Yes {b} (716,932) 716,932 0 250,926 0 0 (250,926) Overaccrued interest expense Yes {c} 209,813 (209,813) 0 (73,435) 0 0 73,435 O/S of prepaid insurance Yes {d} (405,000) 405,000 0 141,750 0 0 (141,750) U/S of accrued legal expense Yes {e} (750,000) 750,000 0 262,500 0 0 (262,500) O/S of deferred software development costs Yes {f} (715,000) 715,000 0 250,250 0 0 (250,250) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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03-5-Hand-5-2-1 - TRADEMARK, INC. June 30, 1999 Enter...

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