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Effects of errors on financial statements

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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, 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?

a. Is it Income before taxes or Loss before taxes

Reference no: EM131765194

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