haleygrobertson6274 haleygrobertson6274

23-05-2023
Business

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Interest Expense $40,000 understated $60,000 understated
Salary Expense 15,000 overstated 40,000 overstated
Assume that the 2021 errors were not corrected and that no errors occurred in 2019. By what amount will 2021 income before income taxes be overstated or understated?

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