Assume that the 2015 errors were not corrected, and that no errors occurred in 2014. By what amount will 2015 income before income taxes be overstated or understated? A. $35,000 overstatement B, 15,000 overstatement C. $35,000 understatement D. $15,000 understatement. Assume that no correcting entries were made at 12/31/15, or 12/31/16. Ignoring income taxes, by how much will retained earnings at 12/31/16 be overstated or understated? A. $40,000 overstatement B. $35,000 overstatement. C $50,000 understatement. D. $15,000 understatement. Stark Company sold some of its plant assets during 2016. The original cost of the plant assets was $450,000, and the accumulated depreciation at date of sale was The proceeds from the sale of the plant assets were $63,000. The information concerning the sale of the plant assets should be shown on Stark's statement of cash flows (indirect method) for the year ended December 31, 2016, as a (n): A. Subtraction from net income of $33,000, and a $30,000 increase in cash flows from financing activities. B. Addition to net income of $33,000, and a $63,000 increase in cash flows from investing activities. C. Subtraction from net income of $33,000, and a $63,000 increase in cash flows from investing activities D. Addition of $63,000 to net income. The net cash provided by operating activities in Moon Company's statement of flows for 2016 was $154,000. For 2016, depreciation on plant assets was $60,000, of goodwill was $10,000, and cash dividends paid on common stock was 2,000. Based only on the information given above, Moon's net income for 2016 was: $154,000. $84,000. $12,000. $156,000