When
the records of Hilda Corporation were reviewed at the close of 2011, the
following errors were discovered.
Instructions
For
each item, indicate by a check mark in the appropriate column whether the error
resulted in an overstatement or understatement, or had no effect on net income
for the years 2010 and 2011.
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2010
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2011
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Item
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Over-
statement
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Under-
statement
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No
Effect
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Over-
statement
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Under-
statement
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No
Effect |
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(1)
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X
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X
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(2)
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X
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X
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(3)
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X
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X
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(4)
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X
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X
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(5)
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X
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X
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