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McCartney Corp

Question 6

Multiple Choice

McCartney Corp.reports on a calendar-year basis.Its 2013 and 2014 financial statements contained the following errors: McCartney Corp.reports on a calendar-year basis.Its 2013 and 2014 financial statements contained the following errors: As a result of the above errors,2014 income would be A) overstated by $4,000. B) overstated by $24,000. C) overstated by $22,000. D) overstated by $16,000. As a result of the above errors,2014 income would be


A) overstated by $4,000.
B) overstated by $24,000.
C) overstated by $22,000.
D) overstated by $16,000.

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