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Winer & Daughters Reports Income Before Income Taxes of $10,000

Question 116

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Winer & Daughters reports income before income taxes of $10,000 during 2010. If beginning inventory was understated by $3,000 and ending inventory was overstated by $1,200, calculate corrected income before income taxes for the year. (Show your work.)

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$5,800 ($1...

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