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Newsman Co

Question 75

Multiple Choice

Newsman Co.made the following errors in counting its year-end physical inventories:
Newsman Co.made the following errors in counting its year-end physical inventories: As a result of the above undetected errors,2014 income was A) understated by $18,000. B) overstated by $198,000. C) overstated by $18,000. D) understated by $198,000.
As a result of the above undetected errors,2014 income was


A) understated by $18,000.
B) overstated by $198,000.
C) overstated by $18,000.
D) understated by $198,000.

Correct Answer:

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