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Business, 23.03.2021 05:10 mrfluff14

Concord Inc. reported total assets of $6399000 and net income of $503000 for the current year. Concord determined that inventory was understated by $137000 at the beginning of the year and $60900 at the end of the year. Ignoring income taxes, what is the corrected amount for total assets and net income for the year? $6459900 and $426900. $6459900 and $563900. $6338100 and $579100. $6399000 and $503000.

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Concord Inc. reported total assets of $6399000 and net income of $503000 for the current year. Conco...
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