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Risers inc, reported total assets of $1,600,000 and net income of $85,000 for the current year. Risers determined that inventory was unders tated by $23,000
Risers inc, reported total assets of $1,600,000 and net income of $85,000 for the current year. Risers determined that inventory was unders tated by $23,000 at the beginning of the year and $10,000 at the end of the year. Whatis the corrected amount for total assets and net incothe for the year? Select one: a. $1,610,000 and $72,000. b. $1,590,000 and $98,000 c. $1,600,000 and $85,000. d. $1,610,000 and $95,000
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