Multiple Choice
Slowinski Corporation reported net income of $425,000 for the current year.After the financial statements had been prepared,it was discovered that ending inventory had been overstated by $25,000 and beginning inventory was understated by $1,000.The correct net income was:
A) $399,000.
B) $401,000.
C) $424,000.
D) $426,000.
Correct Answer:
Verified
Correct Answer:
Verified
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