The financial statements of Bollinger Corporation for 2014 and 2015 contained the following errors: Assuming that none of the errors were detected or corrected,by what amount will 2015 operating income be overstated or understated?
A) $40,600 understated
B) $35,800 understated
C) $27,800 understated
D) $13,400 overstated

Question

The financial statements of Bollinger Corporation for 2014 and 2015 contained the following errors:  Assuming that none of the errors were detected or corrected,by what amount will 2015 operating income be overstated or understated?
A) $40,600 understated 
B) $35,800 understated 
C) $27,800 understated 
D) $13,400 overstated

Quizplus · Accepted Answer

The Answer of The financial statements of Bollinger Corporation for 2014 and 2015 contained the following errors:  Assuming that none of the errors were detected or corrected,by what amount will 2015 operating income be overstated or understated?
A) $40,600 understated 
B) $35,800 understated 
C) $27,800 understated 
D) $13,400 overstated

The Financial Statements of Bollinger Corporation for 2014 and 2015