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22. Cruz Corporation reported 2019 net income of $ 80,000 . In early 2021 , the company discovered that the 2019 beginning inventory was understated
22. Cruz Corporation reported 2019 net income of $ 80,000 . In early 2021 , the company discovered that the 2019 beginning inventory was understated by $20,000, and the 2019 ending inventory was understated $ 15,000 . What should have been the correct net income if Cruz Corporation had not made the errors ? A,B,C,orD
Cruz Corporation reported 2019 net income 2019 ending inventory was understated $15,0 A. $115,000 B. $85,000 c. $75,000 D. $45,000 Step by Step Solution
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