Use the following information for questions The 2014 and 2015 financial statements of Banana Inc.contained the following errors:
-Assuming that none of the errors were detected or corrected, by what amount will 2014 income before taxes be overstated or understated?
A)$5,200 understated
B)$5,200 overstated
C)$14,800 overstated
D)$14,800 understated

Question

Use the following information for questions The 2014 and 2015 financial statements of Banana Inc.contained the following errors: 
-Assuming that none of the errors were detected or corrected, by what amount will 2014 income before taxes be overstated or understated?
A)$5,200 understated 
B)$5,200 overstated 
C)$14,800 overstated 
D)$14,800 understated

Quizplus · Accepted Answer

The Answer of Use the following information for questions The 2014 and 2015 financial statements of Banana Inc.contained the following errors: 
-Assuming that none of the errors were detected or corrected, by what amount will 2014 income before taxes be overstated or understated?
A)$5,200 understated 
B)$5,200 overstated 
C)$14,800 overstated 
D)$14,800 understated

Use the Following Information for Questions the 2014 and 2015