Multiple Choice
At December 31, 2014, Daewoo Inc. reported total assets of W402,590,000, and net income of W100,670,000 for the current year. Daewoo determined that inventory was overstated by W3,200,000 at the beginning of 2015 (this was not corrected) . What is Daewoo's corrected amount for total assets for 2014?
A) W301,938,000.
B) W399,390,000.
C) W405,790,000.
D) W503,260,000
Correct Answer:
Verified
Correct Answer:
Verified
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