eBook Calculator Effects of Errors on Financial Statements For a recent year, the balance sheet for Company G, Inc. (COGI) includes accrued expenses of $598 million. The income before taxes for the year was $2,093 million. a. Assume the accruals apply to the current year and were not recorded at the end of the year. By how much would income before taxes have been misstated? Enter your answer in millions. million b. What is the percentage of the misstatement in (a) to the reported income of $2,093? Round your percentage answer to one decimal place. % Check My Work Previous Next 0% All work saved Save and Exit Submit Assignment for Grading