Multiple Choice
The following errors were discovered during January 20x3 (prior to any reversing entries) : 
The accounting period ends December 31.What effect would these errors have on 20x3 pre-tax income?
A) Overstated by $2,000
B) Understated by $2,000
C) Overstated by $1,000
D) Understated by $1,000
Correct Answer:
Verified
Correct Answer:
Verified
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