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  3. Following the preparation of the profit and loss account, it is discovered that

Following the preparation of the profit and loss account, it is discovered that

游客2025-06-21  15
问题 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 ______.
选项 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.
答案 C
解析
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