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The net income per books of Concord Industries Limited was determined without any knowledge of the following errors. The 2018 year was Concord's first year
The net income per books of Concord Industries Limited was determined without any knowledge of the following errors. The 2018 year was Concord's first year in business. No dividends have been declared or paid. Prepare a work sheet to show the adjusted net income figure for each of the six years after taking the inventory corrections into account. Prepare a schedule that shows both the original retained earnings balance reported at the end of each year and the corrected amount. Question 3 of 50/20 amount
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