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Effects of Errors on Financial Statements The accountant for Healthy Medical Co., a medical services consulting firm, mistakenly omitted adjusting entries for $175,000 of unearned
Effects of Errors on Financial Statements The accountant for Healthy Medical Co., a medical services consulting firm, mistakenly omitted adjusting entries for $175,000 of unearned revenue that had been earned during the year and accrued wages of $12,300. If the net income for the current year had been $2,224,600, what would have been the correct net income if the proper adjustments had been made
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