( Accounting : Financial statements )
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.
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