Develop the expected amounts for 20X4 for each of the income statement items
Develop the expected amounts for 20X4 for each of the income statement items
(based on what she believes in 1-6 above). Uden’s unaudited financial
statements for the current year show a 31 percent gross profit rate. Assuming
that this represents a misstatement from the amount that you developed as an
expectation, calculate the estimated effect of this misstatement on net income
before taxes for 20X4.
joyce
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