Multiple Choice
Assume that no correcting entries were made at December 31, 2010.Ignoring income taxes, by how much will retained earnings at December 31, 2011 be overstated or understated?
A) $2,000 understated
B) $6,000 overstated
C) $6,000 understated
D) $9,000 understated
Correct Answer:
Verified
Correct Answer:
Verified
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