Multiple Choice
In 2010, Garrison Corporation reported net income of $70,000.A recount of the company's inventories revealed that 2010 ending inventory was overstated by $10,000.What is Garrison's corrected net income?
A) $60,000
B) $80,000
C) $70,000
D) $75,000
Correct Answer:
Verified
Correct Answer:
Verified
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