2. For a recent year, the balance sheet for Costco Wholesale Corporation (COST) reported accrued...
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Accounting
2. For a recent year, the balance sheet for Costco Wholesale Corporation (COST) reported accrued salaries and benefits (expenses) of $4,090 million. For the same year, Costco reported operating income of $6,708 million. Assume that the adjusting entry for $4,090 million of accrued expenses was not recorded at the end of the current period. What would have been the operating income (loss) before income taxes
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