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Following the preparation of the profit and loss account, it is discovered that work-in-progress has been overvalued by $2,000 a
Following the preparation of the profit and loss account, it is discovered that work-in-progress has been overvalued by $2,000 a
admin
2011-01-14
78
问题
Following the preparation of the profit and loss account, it is discovered that work-in-progress has been overvalued by $2,000 and an accrued expense of $500 has been overvalued. This will have resulted in ______.
选项
A、an overstatement of net profit of $2,500.
B、an understatement of net profit of $2,500.
C、an overstatement of net profit of $1,500.
D、an understatement of net profit of $1,500.
答案
C
解析
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0
中级(会计)
原金融专业英语(FECT)
金融英语(FECT)
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