Sunland, Inc. is a calendar-year corporation. Its financial statements for the years 2018 and 2017...
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Accounting
Sunland, Inc. is a calendar-year corporation. Its financial statements for the years 2018 and 2017 contained errors as follows: 2018 2017 Ending inventory $8850 overstated $24000 overstated Depreciation expense $6000 understated $18000 overstated Assume that the proper correcting entries were made at December 31, 2017. By how much will 2018 income before taxes be overstated or understated?? $ 6000 overstated $ 2850 overstated $ 2850 understated $14850 overstated
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