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AICPA.941155FAR-FA Foy Corp. failed to accrue warranty costs of $50,000 in its December 31,2003 financial statements. In addition, a change from straight-line to accelerateddepreciation made

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AICPA.941155FAR-FA Foy Corp. failed to accrue warranty costs of $50,000 in its December 31,2003 financial statements. In addition, a change from straight-line to accelerateddepreciation made at the beginning of 2004 resulted in a $30,000 decrease in income for the year. Both the $50,000 and the $30,000 are net of related income taxes. What amount should Foy report as Prior period adjustments in 2004? $0 $30,000$50,000$80,000

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