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Wilmington Company Reported Pretax Income of $25,000 During 2018 and $30,000

Question 11

Multiple Choice

Wilmington Company reported pretax income of $25,000 during 2018 and $30,000 during 2019.Later it was discovered that the ending inventory for 2018 was understated by $2,000 (and not corrected in 2018) .What is the correct pretax income for each year? Wilmington Company reported pretax income of $25,000 during 2018 and $30,000 during 2019.Later it was discovered that the ending inventory for 2018 was understated by $2,000 (and not corrected in 2018) .What is the correct pretax income for each year? A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

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