BE6-8 Cody Company reports net income of $90,000 in 2008. However, ending inventory was Determine correct income
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BE6-8 Cody Company reports net income of $90,000 in 2008. However, ending inventory was Determine correct income understated $10,000. What is the correct net income for 2008? What effect, if any, will this error statement amounts.
have on total assets as reported in the balance sheet at December 31,2008? (SO 5)
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Related Book For
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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