Question

For a recent period, the balance sheet for Costco Wholesale Corporation reported accrued expenses of $1,893 million. For the same period, Costco reported income before income taxes of $2,054 million. Assume that the adjusting entry for $1,893 million of accrued expenses was not recorded at the end of the current period. What would have been the income (loss) before income taxes?



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  • CreatedFebruary 28, 2014
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