Use the following information for questions The 2014 and 2015 financial statements of Banana Inc.contained the following errors:
-Assuming that none of the errors were detected or corrected, by what amount will 2015 income before taxes be overstated or understated?
A)$28,600 understated
B)$23,800 understated Reporting Financial Performance 4 - 17
C)$13,400 understated
D)$13,400 overstated

Question

Use the following information for questions The 2014 and 2015 financial statements of Banana Inc.contained the following errors: 
-Assuming that none of the errors were detected or corrected, by what amount will 2015 income before taxes be overstated or understated?
A)$28,600 understated 
B)$23,800 understated Reporting Financial Performance 4 - 17 
C)$13,400 understated 
D)$13,400 overstated

Quizplus · Accepted Answer

The Answer of Use the following information for questions The 2014 and 2015 financial statements of Banana Inc.contained the following errors: 
-Assuming that none of the errors were detected or corrected, by what amount will 2015 income before taxes be overstated or understated?
A)$28,600 understated 
B)$23,800 understated Reporting Financial Performance 4 - 17 
C)$13,400 understated 
D)$13,400 overstated

Use the Following Information for Questions the 2014 and 2015