# ABC, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: 2021 2020 Ending inventory $9,000 overstated$24,000 overstated Depreciation expense $6,000 understated$18,000 overstated Assume that the proper correcting entries were made at December 31, 2020. By how much will 2021 income before taxes be overstated or understated? A) $15,000 overstated B)$ 3,000 understated C) $6,000 overstated D)$ 3,000 overstated

###### Question:

ABC, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows:
2021 2020
Ending inventory $9,000 overstated$24,000 overstated
Depreciation expense $6,000 understated$18,000 overstated
Assume that the proper correcting entries were made at December 31, 2020. By how much will 2021 income before taxes be overstated or understated?
A) $15,000 overstated B)$ 3,000 understated
C) $6,000 overstated D)$ 3,000 overstated

### Can you answer this question for me please 1. What can you see in the picture? 2. What do you think the artist is trying to tell us in the painting? 3. Describe the character of the artist in three words.

Can you answer this question for me please 1. What can you see in the picture? 2. What do you think the artist is trying to tell us in the painting? 3. Describe the character of the artist in three words....

### What happens o the value of the expression 80 minus 2r as r decreses

what happens o the value of the expression 80 minus 2r as r decreses...

### The rise of merchants and artisans in the Late Middle Ages led to... 1) the use of money to buy and sell goods, instead of bartering 2) the formation of large trade unions between kingdoms 3) the use of bartering to trade goods, instead of money 4) the breakup of small trade unions within medieval cities

The rise of merchants and artisans in the Late Middle Ages led to... 1) the use of money to buy and sell goods, instead of bartering 2) the formation of large trade unions between kingdoms 3) the use of bartering to trade goods, instead of money 4) the breakup of small trade unions within medieval c...

### North Carolina contributed______ troops the the confederate Army. A. 125,000 B. 15,000 C. 30,000 D. 50,000

North Carolina contributed______ troops the the confederate Army. A. 125,000 B. 15,000 C. 30,000 D. 50,000...

### A genome is most accurately defined as which of the following? the portion of our DNA that codes for proteins the noncoding portion of our DNA all the DNA found in our cells a map of a chromosome

A genome is most accurately defined as which of the following? the portion of our DNA that codes for proteins the noncoding portion of our DNA all the DNA found in our cells a map of a chromosome...

### How did President Washington influence the American presidency AND FREE BRAINLY if someone answer

How did President Washington influence the American presidency AND FREE BRAINLY if someone answer...

### Seeing that Fort Ticonderoga was on a major waterway, why was it a key location for the colonists to take?

Seeing that Fort Ticonderoga was on a major waterway, why was it a key location for the colonists to take?...

### 0000 UNITE Which presents the correct order of biomes from least biodiversity to most biodiversity? tundra, taiga, temperate grassland, rainforest taiga, tundra, temperate grassland, rainforest tundra, taiga, rainforest, temperate grassland O taiga, tundra, rainforest, temperate grassland

0000 UNITE Which presents the correct order of biomes from least biodiversity to most biodiversity? tundra, taiga, temperate grassland, rainforest taiga, tundra, temperate grassland, rainforest tundra, taiga, rainforest, temperate grassland O taiga, tundra, rainforest, temperate grassland...

### Answer in the correct significant figures: 9.66 / 0.33

Answer in the correct significant figures: 9.66 / 0.33...

### 3) __NaCl -----> ___Na + cl2

3) __NaCl -----> ___Na + cl2...

### What is institutional racism?

What is institutional racism?...

### In the equation y = -2x + 5, what is the average rate of change (slope)?a. 5b. 2c. -2xd. -2please explain​

In the equation y = -2x + 5, what is the average rate of change (slope)?a. 5b. 2c. -2xd. -2please explain​...

### A mixture of nitrogen and xenon gases contains nitrogen at a partial pressure of 417 mm Hg and xenon at a partial pressure of 427 mm Hg. What is the mole fraction of each gas in the mixture

A mixture of nitrogen and xenon gases contains nitrogen at a partial pressure of 417 mm Hg and xenon at a partial pressure of 427 mm Hg. What is the mole fraction of each gas in the mixture...

### Henry knows that the area of a rectangle is 30 square inches the perimeter is 12 inches if the length is 1 inch longer than the width what are the length and width Henry's rectangle explain how you know

Henry knows that the area of a rectangle is 30 square inches the perimeter is 12 inches if the length is 1 inch longer than the width what are the length and width Henry's rectangle explain how you know...

### Which statement BEST describes the artist's point of view in this cartoon from 1936?

Which statement BEST describes the artist's point of view in this cartoon from 1936?...