The 11th edition of "Essentials of Accounting" by Leslie K. Breitner and Robert N. Anthony introduces a new practice section for each unit. In my opinion, these "mini-cases" are the most valuable part of the book as they provide an opportunity to practice the concepts instead of just repeating some phrases from memory. Unfortunately, while most of the book's content has been reviewed and revised over many years, this new section has not, and thus contains more than its share of errors. Typos and general mistakes appear in most every publication, but their presence in an accounting textbook is particularly troublesome. Also unfortunate is that the publisher, Prentice Hall, does not maintain an online list of errata. This page attempts to fill that void. All identified errors will be provided back to the publisher for correction in future editions.
If you have identified an error in the book that is not in list, please consider sending it to me for inclusion. Messages can be sent to:
| Version |
Part |
Location |
Description |
Date Reported |
| Printed, 11th Edition, 10th printing |
1 |
Page PT-5
third paragraph |
To match the values in the answer on page A-3, the price for helmets should be $25 and the price for locks should be $15. | Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
3 |
Page PT-13
question 12 |
"necessar.ily" should be "necessarily". | Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
3 |
Page A-10
table 2 |
Selling price for each Animal is listed as $150. This should be $65. | Dec 16, 2013 |
| Printed, 11th Edition, 10th printing |
3 | Page A-13
Table of revenues and expenses for the puppets | I'm not comfortable that this table does not include the cost of socks as part of the cost of producing a sock puppet. The following part of this mini-case also
ignores the cost of socks, as well as shipping, and therefore overstates the profit on each puppet.
| Nov 11, 2013 |
| Printed, 11th Edition, 10th printing |
4 |
Page PT-21
last paragraph |
Text says Lidija paid back her mother $17. In fact, she only borrowed $3 from her mother. Use $3 to match with the answer for the mini-case.
| Nov 11, 2013 |
| Printed, 11th Edition, 10th printing |
4 |
Page A-16
second row of T-charts |
In the ledger for "Lidija Perez IV - Part 4 Answer", the T-chart for Accounts Payable lists a credit of $200 (note 4). This entry should be a credit to "Advances From Customers", not "Accounts Payable".
| Nov 11, 2013 |
| Printed, 11th Edition, 10th printing |
5 |
Page PT-28
Date ranges on 1-Nov-11 and 30-June-12 |
The date range for One-Year coverage for all 3 machines is shown as: Dec 08-Dec 09. This should be Dec 11-Dec12.
| Nov 11, 2013 |
| Printed, 11th Edition, 10th printing |
5 |
Page PT-29
Salary explanation for January |
Current text is: "Salaries: He paid all salaries including his own on the first of the month following the performances". Since we are not directly given the number of performances in the month (why not? Jacques surely has this information), we must figure it out based on the number of actors salaries paid. If the transaction for the salary payments is in the month following the performances, then the performances, and the salary expense, must belong to the previous month. However, the solution to the problem treats the salary expense as being recorded in the same month as the performances. In my opinion, the sentence above should be changed to "Salaries: He paid all salaries including his own on the last day of the month of the performances".
| Nov 11, 2013 |
| Printed, 11th Edition, 10th printing |
6 |
Page 110
Frame 6-4 | The answer "Inventory ..... 36,000" should be "Inventory ..... 32,000" to match Cost of Sales.
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
6 |
Page 124
Frame 6-64 |
Denominator should be 1,500,000 instead of 1,50,000 .
| Nov 12, 2013 |
| Printed, 11th Edition, 10th printing |
6 |
Page PT-35
Second sentence of first paragraph |
Sentence should begin "As a college senior" instead of "As college senior".
| Nov 12, 2013 |
| Printed, 11th Edition, 10th printing |
6 |
Page PT-37
Costs and prices in table |
Item 1 Original Cost and Selling Price should be $1100 and $2200 .
Item 2 Original Cost and Selling Price should be $4100 and $8200 .
Item 3 Original Cost and Selling Price should be $2890 and $5780 .
Item 5 Original Cost and Selling Price should be $1860 and $3720 .
Item 7 Original Cost and Selling Price should be $1175 and $2350 .
Item 9 Original Cost and Selling Price should be $4000 and $8000 .
| Nov 12, 2013 |
| Printed, 11th Edition, 10th printing |
7 |
Page 139
Frame 7-49 | "Less accumulation depreciation" should be "Less accumulated depreciation".
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
7 |
Page 140
Frame 7-52 | "Less accumulation depreciation" should be "Less accumulated depreciation".
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
9 |
Page E-11
Starred note at the bottom of the page | "See Note after Frame 9-56." should say something like "See Frame 9-57 and the Note following the frame."
| Dec 15, 2013 |
| Printed, 11th Edition, 10th printing |
9 |
Balance Sheet on pages PT-50
and A-36 | Short-term Debt for 31-Dec-13 should be $14,800 instead of $4,800.
| Jan 10, 2014 |
| Printed, 11th Edition, 10th printing |
9 |
Balance Sheet on pages PT-50
and A-36 | Property Plant and Equipment value for 31-Dec-12 should be $916,400 instead of $969,400.
There could be many ways to correct this so that the numbers add up. This suggestion is just one way to make the final values in the Cash Flow Statement make sense. Of course, this does put the Balance Sheet out of balance.
| Jan 10, 2014 |
| Printed, 11th Edition, 10th printing |
10 |
Page 193
Frame 10-36 | In the equation for inventory turnover ratio, the denominator, "Inventory", should not be divided by 365 (The answer is not divided and is correct).
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
10 |
Page 203
Frame 10-83 | The answer for the choice "(increases/decreases)" is not printed in the answer column; it should be "increases".
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
10 |
Page 204
Frame 10-85 | The fill-in-the-blanks for Equity Multiplier include two blanks for the numerator; the answer is "assets" so there should be only one blank to correspond to a one-word answer.
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
10 |
Page 205
Frame 10-93 | The text should end with a period, not a question mark.
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
10 |
Page PT-59
Income Statement | "Gross Martin" should be "Gross margin".
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
10 |
Page PT-42
Income Statement | "Gross Martin" should be "Gross margin".
| Nov 24, 2013 |
| Printed, 11th Edition, 10th printing |
10 |
Page PT-56
Income Statement | The value for "Income Tax Expense" in the Income Statement should be $426,130 instead of $550,400.
| Jan 12, 2014 |
| Printed, 11th Edition, 10th printing |
11 |
Page A-42 and A-43
Answer listing | The lower-case letters referencing how individual items were calculated are incorrectly matched.
"Cash" is listed as "l" but should be "n",
"AR" is listed as "k" but should be "m",
"Inventory" is listed as "h" but should be "i",
"PPE" is listed as "n" but should be "p",
"Total Assets" is listed as "m" but should be "o",
"AP" is listed as "i" but should be "k",
"L-T debt" is listed as "j" but should be "l",
"Govain, Capital" is listed as "g" but should be "h",
"Retained Earnings" is listed as "f" but should be "g",
"Selling, general and administrative expenses" is listed as "e" but should be "f".
"Interest expense" is listed as "d" but should be "d and e", and on page A-43, item j does not necessarily correspond to any line item, as the purchases amount it refers to is neither given nor requested in the problem or the problem statement.
| Nov 24, 2013 |