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A company had net income of $45,000 before considering the following errors: (1) Interest expense of $5,000 was not accrued at year-end; (2) wages earned
A company had net income of $45,000 before considering the following errors: (1) Interest expense of $5,000 was not accrued at year-end; (2) wages earned by employees of $3,200 but unpaid at year end, was accidentally recorded as $2,300. What is the correct net income, ignoring the effect of income taxes? $_________
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