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) Overstated by $2,000
B) Understated by $2,000
C) Overstated by $1,000
D) Understated by $1,000
Correct Answer:
Verified
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