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Willie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. At the end of the year,

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Willie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. At the end of the year, the company's accounting manager provides Willie with the following information, before any adjustment. Wilie's compensation contract states that if the company generates operating income of at least $195,000, he will get a salary bonus early next yeat. Problem 5-6A Part 4 4. By how much would total assets and operating income be misstated using the 6% amount? Answer is complete but not entirely correct

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