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03.08.2020 •
Business
The following errors were discovered by the Gerding Company: Failure to record Unearned Revenue in 2026: $6 Failure to record Depreciation in 2025: $8 Indicate the error in 2026 Net Income:
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Ответ:
Overstated $2
Explanation:
Calculation to Indicate the error in 2026 Net Income
2026 Failure to record Unearned Revenue $6
Less 2025 Failure to record Depreciation ($8)
2026 Net income $2
Therefore the error in 2026 Net Income will be overstated amount of $2
Ответ:
A. 20%
B.$4,000000
C. 62,500
D. $6,500,000
E $1,500,000
Explanation: