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Belinda Corp $2,000 \$ 2,000 -2010 Eame Drevenue Was Overstated By

Question 78

Multiple Choice

Belinda Corp.reported $80, 000 of net income for 2010.The following errors were then discovered: -Ending 2010 accrued expense was overstated by $2,000 \$ 2,000
-2010 eame drevenue was overstated by $3,000 \$ 3,000 .
-Ending 2010 prepaid expense was overstated by $500 \$ 500 .
Ignoring income taxes, the correct 2010 net income is


A) $85, 500
B) $84, 500
C) $78, 500
D) $76, 500

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