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The Following Accounting Errors Occurred in 20x3,but Were Not Discovered

Question 23

Multiple Choice

The following accounting errors occurred in 20x3,but were not discovered until 20x4: The following accounting errors occurred in 20x3,but were not discovered until 20x4: The combined effect of these three errors caused 20x3 pre-tax income to be: A) Overstated by $400. B) Overstated by $800. C) Understated by $400. D) Understated by $1,200. The combined effect of these three errors caused 20x3 pre-tax income to be:


A) Overstated by $400.
B) Overstated by $800.
C) Understated by $400.
D) Understated by $1,200.

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