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Telly Company Reported Profit in 20A of $22,000 and in 20B

Question 48

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Telly Company reported profit in 20A of $22,000 and in 20B of $32,000.Later it was discovered that the 20A ending inventory was overstated by $5,000.Compute the amount of profit (disregard income tax)for 20A and 20B.
20A $____________________ 20B $__________________

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20A--$22,000 - $5,00...

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