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What bramble stockholder equity was

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Problem 1: Bramble Company understated its inventory by $19800 at December 31, 2017. It did not correct the error in 2017 or 2018. As a result, Bramble's stockholder's equity was:

Option 1: understated at December 31, 2017, and overstated at December 31, 2018.

Option 2: overstated at December 31, 2017, and overstated at December 31, 2018.

Option 3: understated at December 31, 2017, and understated at December 31, 2018.

Option 4: understated at December 31, 2017, and properly stated at December 31, 2018.

Reference no: EM132726441

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