For a recent period, the balance sheet for Costco Wholesale Corporation (COST) reported accrued expenses of $3,176

Question:

For a recent period, the balance sheet for Costco Wholesale Corporation (COST) reported accrued expenses of $3,176 million. For the same period, Costco reported income before income taxes of $4,737 million. Assume that the adjusting entry for $3,176 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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