4. The corrected net income in 2020 a. P692,500 b. P709,500 c. P708,500 d. P690,500 5. The effect of the error in the 2020 working capital a. P1,500 understated b. P18,500 overstated c. P20,500 overstated d. P21,500 understated
4. The corrected net income in 2020 a. P692,500 b. P709,500 c. P708,500 d. P690,500 5. The effect of the error in the 2020 working capital a. P1,500 understated b. P18,500 overstated c. P20,500 overstated d. P21,500 understated
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 39BE
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