Use the following information for questions

-Assuming that the errors made in 2010 were corrected, but that the errors made in 2011 were not detected, by what amount will 2011 income before taxes be overstated or understated?
A)$3,000 overstated
B)$10,000 overstated
C)$17,000 overstated
D)$3,000 understated

Question

Use the following information for questions 
 
-Assuming that the errors made in 2010 were corrected, but that the errors made in 2011 were not detected, by what amount will 2011 income before taxes be overstated or understated?
A)$3,000 overstated 
B)$10,000 overstated 
C)$17,000 overstated 
D)$3,000 understated

Quizplus · Accepted Answer

If the errors made in 2010 were corrected, but those in 2011 were not detected, the 2011 income before taxes would be overstated by $3,000.

Use the Following Information for Questions