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Teal Mountain Inc reports net income of $98,750 in 2017. However, ending inventory was understated by 56,690, What is the correct net income for 2017?

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Teal Mountain Inc reports net income of $98,750 in 2017. However, ending inventory was understated by 56,690, What is the correct net income for 2017? The correct net income $ List of Accounts What effectif any, will this error have on total assets as reported in the balance sheet at December 31, 2017? in the balance sheet will be by the amount that ending inventory is List of Accounts

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