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Nor yo answered Points out of 2.50 P Flag Question Year Ending Inventory Error 2020 Understated $30 2021 Overstated $40 Indicate the error in the

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Nor yo answered Points out of 2.50 P Flag Question Year Ending Inventory Error 2020 Understated $30 2021 Overstated $40 Indicate the error in the following items: Ob c. 2022 Net Income Understated $40 2022 Net Income Understated $40 2022 Net Income No error 2022 Net Income No error 2022 Net Income No error 12/31/21 Retained Earnings Overstated $40 12/31/21 Retained Earnings Overstated $40 12/31/21 Retained Earnings Overstated $40 12/31/21 Retained Earnings No error 12/31/21 Retained Earnings Understated $40 ed Safe Exam Browser 3.0 - Exam 2 At the end of the current year, the owner's equity in LaRose Corporation is $188 and total assets were $300. During the year, the assets of the business had decreased by $90, and the liabilities had increased by $36. Llabilities at the beginning of the year must have been O a $126,000 b. $76,000 c. $148,000 d. $112,000 e. $328,000 Nor yo answered Points out of 2.50 P Flag Question Year Ending Inventory Error 2020 Understated $30 2021 Overstated $40 Indicate the error in the following items: Ob c. 2022 Net Income Understated $40 2022 Net Income Understated $40 2022 Net Income No error 2022 Net Income No error 2022 Net Income No error 12/31/21 Retained Earnings Overstated $40 12/31/21 Retained Earnings Overstated $40 12/31/21 Retained Earnings Overstated $40 12/31/21 Retained Earnings No error 12/31/21 Retained Earnings Understated $40 ed Safe Exam Browser 3.0 - Exam 2 At the end of the current year, the owner's equity in LaRose Corporation is $188 and total assets were $300. During the year, the assets of the business had decreased by $90, and the liabilities had increased by $36. Llabilities at the beginning of the year must have been O a $126,000 b. $76,000 c. $148,000 d. $112,000 e. $328,000

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