Multiple Choice
Wendy Co.made the following errors in 2010: -Ending inventory was overstated by .
-Beginning inventory was understated by
-Purchaseswere overstated by .
Reported net income was $15, 000.The correct 2010 net income was
A) $26, 000
B) $20, 000
C) $10, 000
D) $ 4, 000
Correct Answer:

Verified
Correct Answer:
Verified
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