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What total amount should be reported as prior period error

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Harbor Company reported the Ff. Events during the yr. Ended 12/31/2013.

  • It was decided to write off 800,000 from inv. Which was over two yrs. Old as it was obsolete.
  • Sales of 600,000 had been omitted from the financial statements for the yr. Ended 12/31/2012

Problem 1: What total amount should be reported as prior period error in the financial statements for the year ended 12/31/2013?

Reference no: EM132744497

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