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Business, 20.03.2020 05:07 darwin59651

Concord Inc. reported total assets of $2392000 and net income of $317000 for the current year. Concord determined that inventory was overstated by $24000 at the beginning of the year (this was not corrected). Ignoring income taxes, what is the corrected amount for total assets and net income for the year?

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Concord Inc. reported total assets of $2392000 and net income of $317000 for the current year. Conco...
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