Question
In 2020, matapat a co. reported net income of p18,000. the correct net income was P25,000. it was determined that the ending inventory was overstated
In 2020, matapat a co. reported net income of p18,000. the correct net income was P25,000. it was determined that the ending inventory was overstated by P3,000, while the purchases was understated by P1,000. The only other error was with the beginning inventory which would be
(indicate the amount and if overstated or understated)
pls answer fast
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College Accounting A Practical Approach 1-15
Authors: Jeffrey Slater
4th Edition
013142050X, 978-0131420502
