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For both the years 2019 and 2020, Begonia Corporation reported pre-tax income of $300,000. You have been made aware that the company's 2019 ending inventory
For both the years 2019 and 2020, Begonia Corporation reported pre-tax income of $300,000. You have been made aware that the company's
- 2019 ending inventory included inventory costing $4,000 that had been sold to a customer FOB shipping point and was in transit to the customer on December 31, 2019.
- 2020 ending inventory include inventory costing $9,000 that had been purchased from a supplier FOB destination and was in transit to Begonia on December 31, 2020.
- What is Begonia's corrected pre-tax income for 2019?
| $ |
- What is Begonia's corrected pre-tax income for 2020?
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Commercial Energy Auditing Reference Handbook
Authors: Steve Doty
2nd Edition
1439851972, 978-1439851975
