Final answer:
The question pertains to a problem with sales figures on an income statement. Without additional context on Ginny's situation, we cannot say whether sales were overstated, understated, accurately reported, or recorded in the wrong currency. The correct option is A.
Step-by-step explanation:
The question relates to an issue with sales recording in an income statement.
In this scenario, the options given are that sales could have been overstated or understated on the income statement, there might be no issue with the sales, or sales could have been recorded in the wrong currency.
To determine the correct answer, one would need additional information about the company's sales records.
However, without the specifics of Ginny's scenario, we can define the issues as follows:
- Overstated sales means that the income is reported higher than what was actually earned.
- Understated sales indicates that the income is reported lower than what was actually earned.
- No issue with the sales means that the income reported is accurate.
- Sales recorded in the wrong currency refer to an error where sales transactions are recorded using a currency other than the one the business operates in, which could affect the income figures on the statement.
Without further details, we cannot definitively identify the specific issue Ginny faced. It is crucial in business to accurately record all transactions to reflect the true financial position of a company. The correct option is A.