Multiple Choice
At December 31, 2011, Daewoo Inc.reported total assets of W201,295,000, and net income of W50,335,000 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) W251,630,000
Correct Answer:
Verified
Correct Answer:
Verified
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