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Slowinski Corporation reported net income of $465,000 for the current year. After the financial statements had been prepared, it was discovered that ending inventory had
Slowinski Corporation reported net income of $465,000 for the current year. After the financial statements had been prepared, it was discovered that ending inventory had been overstated by $25,000 and beginning inventory was understated by $1,000. The correct net income was: O A. $491,000 O B. $439,000 OC. $489,000. O D. $441,000
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