What is the effect of the error on Berkshire's 2013 income statement?
A)Net income is understated by $420,000.
B)Cost of goods sold is understated by $420,000.
C)There are no errors in the 2013 income statement.
D)None of the above is correct.

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The Answer of What is the effect of the error on Berkshire's 2013 income statement?
A)Net income is understated by $420,000.
B)Cost of goods sold is understated by $420,000.
C)There are no errors in the 2013 income statement.
D)None of the above is correct.

What Is the Effect of the Error on Berkshire's 2013