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IN in 2021 Brandy Corporation discovered the following errors related to previously issued financial statements 2019 ending inventory was understated $100,000 and 2020 ending inventory
IN in 2021 Brandy Corporation discovered the following errors related to previously issued financial statements 2019 ending inventory was understated $100,000 and 2020 ending inventory was overstated $85.000 No other errors were found, and no correcting entries were made in either year on January 1 2021, what is the error In retained earnings? ON 345 000 understated $85,000 understand $55.000 overstated 0.515.000 vorsted DO
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Accounting Concepts And Applications
Authors: K. Fred Skousen, W. Steve Albrecht, James D. Stice, Earl K. Stice
7th Edition
0538876247, 978-0538876247
