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Condensed Income Statements for Werly Corporation Are Shown Below for Two

Question 46

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Condensed income statements for Werly Corporation are shown below for two years. Condensed income statements for Werly Corporation are shown below for two years. Compute the corrected net income for 2013 and 2014 assuming that the inventory as of the end of 2013 was mistakenly overstated by $5,000. 2013 $ __________ 2014 $__________ Compute the corrected net income for 2013 and 2014 assuming that the inventory as of the end of 2013 was mistakenly overstated by $5,000.
2013 $ __________ 2014 $__________

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2013 = $10...

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