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The Following Errors Were Discovered During January 20x3 (Prior to Any

Question 35

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The following errors were discovered during January 20x3 (prior to any reversing entries) The accounting period ends December 31. The following errors were discovered during January 20x3 (prior to any reversing entries) The accounting period ends December 31. What effect did these errors have on the 20x2 pre-tax income? A) Understated by $1,000 B) Understated by $2,000 C) Overstated by $1,000 D) Overstated by $2,000 What effect did these errors have on the 20x2 pre-tax income?


A) Understated by $1,000
B) Understated by $2,000
C) Overstated by $1,000
D) Overstated by $2,000

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