https://bugs.documentfoundation.org/show_bug.cgi?id=146377

--- Comment #2 from Paul den Hollander <[email protected]> ---
(In reply to Werner Tietz from comment #1)
> Hallo
> it looks like `IFERROR` in second Formula "controls" the whole
> evaluating-chain, no matter its own position, regardless the very uncommon
> Formula I would call it a bug.

Yes, I've tested IFERROR in other formulas, and unexpected things happen there
too. So it's not just in IF.
An example:
=AND(NA();1)
=AND(NA();IFERROR(NA();1))
Result of first formula is #N/A, result of second is Err:504.

Basically IFERROR can affect the handling of errors that do not originate in
it's parameters. This also seems to happen with the IS* functions, like ISTEXT,
ISNA, etc. E.g.: =AND(NA();IF(ISNUMBER(1);1)) Results in Err:504

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