Risers inc. reported total assets of $1,800,000 and net income of $240,000 for the current year. risers determined that inventory was overstated by $18,000 at the beginning of the year (this was not corrected). what is the corrected amount for total assets and net income for the year?

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase