At December 31, 2011, Daewoo Inc $W 201,295,000$ , and Net Income Of

Multiple Choice

At December 31, 2011, Daewoo Inc. reported total assets of $W 201,295,000$ , and net income of $W 50,335,000$ for the current year. Daewoo determined that inventory was overstated by W1,600,000 at the beginning of 2012 (this was not corrected) . What is Daewoo's corrected amount for total assets for 2011 ?

A) W150,969,000.
B) W199,695,000.
C) W202,895,000.
d $W 251,630,000$