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Answer is A. But please give EXPLAINATIONS & DETAIL CALCULATIONS!! Thank you very much Assume that no correcting entries were made at December 31, 2017.

Answer is A.

But please give EXPLAINATIONS & DETAIL CALCULATIONS!! Thank you very much

Assume that no correcting entries were made at December 31, 2017. Ignoring income taxes, by how much will retained earnings at December 31, 2018 be overstated or understated?

a. $ 3,000 understated

b. $22,500 overstated

c. $22,500 understated

d. $27,000 understated

Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2018 and 2017 contained errors as follows: Ending inventory Depreciation expense 2018 $9,000 overstated $6,000 understated 2017 $24,000 overstated $18,000 overstated

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