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What could have caused the error

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Reference no: EM132592902

A company issued financial statements for the year ended March 31, 2020. Three months later, management discovered that net income was overstated (too high) by $10,000.

1. There was no fraud involved.

2. The accountants at the company were all competent.

Question 1: What could have caused the error?

Reference no: EM132592902

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