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Business, 18.05.2021 19:10 genyjoannerubiera

Terps Company reported total assets of $2,400,000 and net income of $320,000 for the current year. The company determined that inventory was overstated by $24,000 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year

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Terps Company reported total assets of $2,400,000 and net income of $320,000 for the current year. T...
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