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Teal Mountain Watch Company reported the following income statement data for a two-year period. Teal Mountain Watch uses a perpetual inventory system. The inventory amounts
Teal Mountain Watch Company reported the following income statement data for a two-year period. Teal Mountain Watch uses a perpetual inventory system. The inventory amounts on January 1, 2023, and December 31,2024 , are correct. However, the ending inventory on December 31,2023 , was overstated by $5,880. (a) Prepare correct income statements for 2023 and 2024. eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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