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Condensed Income Statements for Marlin Company Are Shown Below for Two

Question 125

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Condensed income statements for Marlin Company are shown below for two years.
Condensed income statements for Marlin Company are shown below for two years. Compute the corrected income before income taxes for 2013 and 2014,assuming that the inventory as of the end of 2013 was mistakenly understated by $26,000.
Compute the corrected income before income taxes for 2013 and 2014,assuming that the inventory as of the end of 2013 was mistakenly understated by $26,000.

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2013 = $68,000 (EI understated...

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