by $600,000 Assume that Berkshire has a 30% income tax rate and that this was...
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by $600,000 Assume that Berkshire has a 30% income tax rate and that this was the only error it made. 0 If undetected, what is the effect of this error on Berkshire's December 31,2017 balance sheet? Assets understated by $420,000 and shareholders equity understated by $420,000
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