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Gross Income of the company shown in the year 2019 was OMR 32,200. Found that opening inventory was overvalued by OMR 3,300 and closing inventory
Gross Income of the company shown in the year 2019 was OMR 32,200. Found that opening inventory was overvalued by OMR 3,300 and closing inventory was overvalued by OMR 2,100. What is the correct amount of Gross Income after adjusting opening and closing of inventory for the year 2019?
a.
OMR 37,600
b.
OMR 26,800
c.
OMR 33,400
d.
OMR 31,000
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Case And Problem Materials In Management Accounting
Authors: Tony Brabazon And Tony ODea
2nd Edition
1412024315, 978-1412024310
