A-A+
Following the preparation of the profit and lo
问题详情
Following the preparation of the profit and loss account, it is discovered that work-in-progress has been overvalued by $2,000 and an accrued expense of $500 has been overvalued. This will have resulted in ______.
A.an overstatement of net profit of $2,500.
B.an understatement of net profit of $2,500.
C.an overstatement of net profit of $1,500.
D.an understatement of net profit of $1,500.请帮忙给出正确答案和分析,谢谢!
参考答案
正确答案:C