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How much will working capital at december be

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Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2022 and 2021 contained errors as follows:

                                           2022                                           2021
Ending inventory             €3,000 overstated             €8,000 overstated
Depreciation expense        €2,000 understated             €6,000 overstated

Problem 1: Assume that no correcting entries were made at December 31, 2021, or December 31, 2022 and that no additional errors occurred in 2023. Ignoring income taxes, by how much will working capital at December 31, 2023 be overstated or understated?

Reference no: EM132826812

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