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Wilmington Company reported pretax income of $26,600 during 2015 and $31,700 during 2016. Later It was discovered that the ending Inventory for 2015 was understated
Wilmington Company reported pretax income of $26,600 during 2015 and $31,700 during 2016. Later It was discovered that the ending Inventory for 2015 was understated by $2,800 (and not corrected in 2015). What is the correct pretax Income for each year? 2015 2016 $23.800 $28.900 $29.400 $34.500 $29.400 $28.900 $23,800 $34,500
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