Question: A broadcasting company failed to make a year - end accrual of $ 4 1 0 , 0 0 0 for fines due to a

A broadcasting company failed to make a year-end accrual of $410,000 for fines due to a violation of FCC rules. Its tax rate is 30%. As a result of this error, net income was:
Multiple Choice
Unaffected.
Overstated by $410,000.
Overstated by $287,000.
Overstated by $123,000.
A broadcasting company failed to make a year -

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