Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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