Sentences with overstated
- Auditors will be asking the company's directors to explain why non-current assets in the accounts were overstated and not reported at their recoverable amount.For fiscal 2010, they reported preproduction costs of $55.4 million, which was overstated by approximately $4 million.If an account or a figure on an account is overstated, the amount that is reported on the financial statement is more than it should be.