Essay
Goofy Company reported profit for 20A of $30,000, and in 20B $40,000 (both after income taxes at
a 20% rate). It was discovered in 20C that the ending inventory for 20A was overstated by 8,000 (before any income tax effect). The correct profit (after income tax of 20%) should be: 20A
$________ 20B $________
Correct Answer:
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20A-$30,000 - ($8,00...View Answer
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Correct Answer:
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