What is the amount of overstatement of retained earnings
Question:
Mendez Manufacturing Company failed to record accrued interest for 2008, $800; 2009, $700; and 2010, $950. What is the amount of overstatement or understatement of the retained earnings account at December 31, 2011?
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What is the amount of overstatement or understatement of the retained earnings account at December 31, 2011?
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