2082?? a) $15,000,000 b) $14,000,000 c) $18,000.000 d) $13,500,000 Antewor (13) Each of the following errors will understate 2022 net incorme except: a) Equipment purchased in 2022 was expensed in full at the time of purchase. b) Wages expenses for December 2022 were recorded but the related accrued wages were not recorded at 12/31/22. c) A 2-year insurance policy purchased in 2022 was expensed in full at the time of purchase. d) Closing imventory of 2021 was overstated by mistake and the error was not corrected. 20227 a) $15,000,000 b) $14,000,000 c) $18,000,0000 d) $13,500,000 Answer (13) Each of the following errors will understate 2022 net income except: a) Equipment purchased in 2022 was expensed in full at the time of purchase. b) Wages expenses for December 2022 wore recorded but the related accrued wages were not recorded at 12/31/22. c) A 2-year insurance policy purchased in 2022 was expensed in full at the time of purchase. d) Closing inventory of 2021 was overstated by mistake and the error was not corrected