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Pharoah Company reports net income of $98,190 in 2025 . However, ending inventory was understated by $7,430. (a1) What is the correct net income for

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Pharoah Company reports net income of $98,190 in 2025 . However, ending inventory was understated by $7,430. (a1) What is the correct net income for 2025 ? Your answer is partially correct. What effect, if any, will this error have on total assets as reported in the balance sheet at December 31,2025 ? Total assets in the balance sheet will be

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