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For Calendar 2014, Gomez Corporation Reported Pre-Tax Income of $70,000

Question 18

Multiple Choice

For calendar 2014, Gomez Corporation reported pre-tax income of $70,000.A recount of the company's inventory revealed that 2014 ending inventory was overstated by $10,000.What is Gomez's corrected pre-tax income for 2014?


A) $60,000
B) $80,000
C) $70,000
D) $75,000

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