Scenic View Foods Corporation
The following consolidated statements of income are for Scenic View Foods Corporation for the years ending December 31,2017 and 2018:

-Refer to the consolidated statements of income for Scenic View Foods Corporation.
Required
Identify three specific accounts of Scenic View Foods that might include expenses accrued as a result of adjustments.Discuss the "effects" of these on the accounting equation.Ignore amounts.

Question

Scenic View Foods Corporation
The following consolidated statements of income are for Scenic View Foods Corporation for the years ending December 31,2017 and 2018:
 
-Refer to the consolidated statements of income for Scenic View Foods Corporation.
​Required
Identify three specific accounts of Scenic View Foods that might include expenses accrued as a result of adjustments.Discuss the "effects" of these on the accounting equation.Ignore amounts.

Quizplus · Accepted Answer

The Answer of Scenic View Foods Corporation
The following consolidated statements of income are for Scenic View Foods Corporation for the years ending December 31,2017 and 2018:
 
-Refer to the consolidated statements of income for Scenic View Foods Corporation.
​Required
Identify three specific accounts of Scenic View Foods that might include expenses accrued as a result of adjustments.Discuss the "effects" of these on the accounting equation.Ignore amounts.