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Effects of Errors on Financial Statements For a recent period, the balance sheet for Save-A-Lot Corporation reported accrued expenses of $268,093. For the same period,
Effects of Errors on Financial Statements
For a recent period, the balance sheet for Save-A-Lot Corporation reported accrued expenses of $268,093. For the same period, Save-A-Lot reported income before income taxes of $87,130. Assume that the adjusting entry for the accrued expenses was not recorded at the end of the current period. What would have been the income (loss) before income taxes?
$ _____________
- b. is it Income before taxes or Loss before taxes
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