The errors listed below occurred in 20x3 but were not discovered until much later in 20x4. The accounting period ends December 31. What net effect did these errors have on 20x3 pre-tax income?

Question

The errors listed below occurred in 20x3 but were not discovered until much later in 20x4. The accounting period ends December 31.  What net effect did these errors have on 20x3 pre-tax income?

Quizplus · Accepted Answer

The Answer of The errors listed below occurred in 20x3 but were not discovered until much later in 20x4. The accounting period ends December 31.  What net effect did these errors have on 20x3 pre-tax income?

The Errors Listed Below Occurred in 20x3 but Were Not