Which of the Following Errors Will Normally Result in Overstatement

question 27

Multiple Choice

Which of the following errors will normally result in overstatement of 2017 net income?

• A) failure to record merchandise purchases in 2016
• B) understatement of 2016 ending merchandise inventory
• C) failure to record accrued salaries expense in 2016
• D) overstatement of prepaid expense in 2016

---

Definitions:

Insert Endnote

The action of adding a note at the end of a document or section that provides additional information or citations.

Reference Text

Text in a document that refers the reader to another place in the document or to an external source for additional information.

Insert a Citation

Adding a reference to a source of information within a document to substantiate facts or support arguments.

Mark Entry

A command used in word processing software to mark text for inclusion in an index listing within the document.