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At Oriole Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciation for 2018 was found
At Oriole Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciation for 2018 was found to be understated by $119800. (2) A strike by the employees of a supplier resulted in a loss of $98800. (3) The inventory at December 31, 2018 was overstated by $165800. (4) A disposal of a component of the business resulted in a $1989000 loss. The effect of these events and transactions on 2020 net income net of tax would be
($1670240).
($1898720).
($1745200).
($79540).
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