The financial statements of Mannassass Corporation for 2014 and 2015 contained the following errors: 2014 2015 Ending Inventory $14,000 overstated $20,000 understated Rent Expense $4,800 understated $6,600 overstated Assuming that none of the errors were detected or corrected, by what amount will 2014 operating income be overstated or understated?
a. $9,200 overstated
b. $9,200 understated
c. $18,800 understated
d. $18,800 overstated
D
Business
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