Use the Following Information for Questions 92 Through 94

question 151

Multiple Choice

Use the following information for questions 92 through 94.
Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2015 and 2014 contained errors as follows:
-Assume that the proper correcting entries were made at December 31, 2014. By how much will 2015 income before taxes be overstated or understated?

• A) $ 2,000 understated
• B) $ 2,000 overstated
• C) $ 4,000 overstated
• D) $10,000 overstated

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