McCallister,Inc. ,a nonpublic enterprise,is negotiating a loan for expansion purposes and the bank requires audited financial statements.Before closing the accounting records for the year ended December 31,2015,McCallister' controller prepared the following comparative financial statements for 2015 and 2014:
During the audit,the following additional information was obtained:

Question

McCallister,Inc. ,a nonpublic enterprise,is negotiating a loan for expansion purposes and the bank requires audited financial statements.Before closing the accounting records for the year ended December 31,2015,McCallister' controller prepared the following comparative financial statements for 2015 and 2014:
   During the audit,the following additional information was obtained:

Quizplus · Accepted Answer

The Answer of McCallister,Inc. ,a nonpublic enterprise,is negotiating a loan for expansion purposes and the bank requires audited financial statements.Before closing the accounting records for the year ended December 31,2015,McCallister' controller prepared the following comparative financial statements for 2015 and 2014:
   During the audit,the following additional information was obtained: