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    overstated or understated earnings

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    Name a firm that has recently (within 1 year) reported publicly that it either overstated or understated its earnings or profits. (for a recent quarter or annual period). What effects do you think the "over or under stated " earnings (profits) will have on the firm?

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    https://brainmass.com/economics/income-distribution/overstated-or-understated-earnings-103576

    Solution Preview

    In August 2005, H&R Block announced that it had overstated its earnings for 2003 and 2004 by $91.1 million. It stated that it had "insufficient resources" to identify and report complex transactions in its corporate tax ...

    Solution Summary

    Name a firm that has recently (within 1 year) reported publicly that it either overstated or understated its earnings or profits. (for a recent quarter or annual period). What effects do you think the "over or under stated " earnings (profits) will have on the firm?

    $2.19