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Leftarm Inc. is a calendar-year corporation. The following errors were made: Leftarm purchased Treasury Stock at 12/31/24 for $4,000.No journal entry was recorded in either

Leftarm Inc. is a calendar-year corporation. The following errors were made:

  • Leftarm purchased Treasury Stock at 12/31/24 for $4,000.No journal entry was recorded in either 2024 or 2025.
  • Understated Depreciation Expense for 2024 by $5,000

12/31/25Total Stockholders' Equity is in error by:

Select one:

a.$4,000

b.$5,000

c.$9,000

d.$1,000

e.$0

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