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Business, 21.04.2020 17:21 fideldiazidea

Vaughn Inc. reported total assets of $2406000 and net income of $332000 for the current year. Vaughn determined that inventory was overstated by $25500 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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Vaughn Inc. reported total assets of $2406000 and net income of $332000 for the current year. Vaughn...
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