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please help! thanks Peach Inc.'s financial statements for the years 2019 and 2020 contained errors as follows: 2019 2020 $3,000understated Ending inventory Depreciation expense $
please help! thanks
Peach Inc.'s financial statements for the years 2019 and 2020 contained errors as follows: 2019 2020 $3,000understated Ending inventory Depreciation expense $ 5,000 overstated 3,500 overstated 5,500 overstated Assuming that none of the errors were detected or corrected, and that no additional errors were made in 2019, by what amount will current assets at December 31, 2020 be overstated or understated? A) $2,000 overstated B) $10,000 overstated C) $10,000 understated D) $5,000 overstatedStep by Step Solution
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