Effects of errors on financial statements For a recent period, the balance sheet for Costco Wholesale...

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Effects of errors on financial statements For a recent period, the balance sheet for Costco Wholesale Corporation (COST) reported accrued expenses of $3,176 million. For the same period, Costco reported income before income taxes of $4,737 million. Assume that the adjusting entry for $3,176 milion of accrued expenses was not recorded at the end of the current period. What would have been the income (loss) before income taxes? million Income before income taxes Effects of errors on financial statements For a recent period, the balance sheet for Costco Wholesale Corporation (COST) reported accrued expenses of $3,176 million. For the same period, Costco reported income before income taxes of $4,737 million. Assume that the adjusting entry for $3,176 milion of accrued expenses was not recorded at the end of the current period. What would have been the income (loss) before income taxes? million Income before income taxes