Multiple Choice
Use the following information for questions.
Shanti Inc.is a calendar-year corporation.Its financial statements for the years 2018 and 2017 contained errors as follows: 
-Assume that the proper correcting entries were made at December 31, 2017.By how much will 2018 income before taxes be overstated or understated?
A) $2,000 understated
B) $2,000 overstated
C) $4,000 overstated
D) $10,000 overstated
Correct Answer:
Verified
Correct Answer:
Verified
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