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28-06-2021
Business

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Othello Company understated its inventory by $20,000 at December 31, 2017. It did not correct the error in 2017 or 2018. As a result, Othello's stockholders' equity was:

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Ritmeks Ritmeks

30-06-2021

Answer:

Othello company understated its inventory by $20,000 at December 31 2017

This error was not corrected In 2017 or 2018

Therefore as a result of this Othello stockholder equity was understated in the year 2014, December 31 and properly stated at 2015, December 31

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