Question
Barry Corp. reported 2016 net income of $40,000. However, the ending inventory in 2015 had been understated by $3,000, and 2016's ending inventory had been
Barry Corp. reported 2016 net income of $40,000. However, the ending inventory in 2015 had been understated by $3,000, and 2016's ending inventory had been overstated by $6,000. Barry's correct net income for 2016 was a. $31,000 b. $34,000 c. $43,000 d. $46,000
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Auditing Basics
Authors: 3G E-Learning
1st Edition
1984624261, 978-1984624260
