Calculate the estimated effect of misstatement on net income

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Develop the expected amounts for 20X4 for each of the income statement items (based on what she believes in 1-6 above). Uden's unaudited financial statements for the current year show a 31 percent gross profit rate. Assuming that this represents a misstatement from the amount that you developed as an expectation, calculate the estimated effect of this misstatement on net income before taxes for 20X4.

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Reference no: EM13820039

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