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Telly Company Reported Profit in 20A of $22,000 and in 20B

Question 50

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Telly Company reported profit in 20A of $22,000 and in 20B of $32,000. Later it was discovered tha the 20A ending inventory was overstated by $5,000. Compute the amount of profit (disregard incom tax) for 20A and 20B.
20A $________ 20B $________

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20A-$22,000 - $5,000...

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