entory, it had made the following errors: Year 1 ending inventory is unde tated by $33,000. Year Ended December 31 Cost of goods sold Net income Total current assets Total equity uired: Year 1 $ 738,000 281,000 1,260,000 1,400,000 Year 2 $ 968,000 288,000 1,373,000 1,593,000 Year 3 $ 803,00 263,00 1,243,00 1,258,00

entory, it had made the following errors: Year 1 ending inventory is unde tated by $33,000. Year Ended December 31 Cost of goods sold Net income Total current assets Total equity uired: Year 1 $ 738,000 281,000 1,260,000 1,400,000 Year 2 $ 968,000 288,000 1,373,000 1,593,000 Year 3 $ 803,00 263,00 1,243,00 1,258,00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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27. Subject :- Accounting
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