CONCEPTS IN FED.TAX.,2020-W/ACCESS
CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN: 9780357110362
Author: Murphy
Publisher: CENGAGE L
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During the audit of Montane Company's 2016 financial statements, the auditors discovered that the 2016 ending inventory had been overstated by $9,600 and that the 2016 beginning inventory was overstated by $5,800. Before the effect of these errors, 2016 pretax income had been computed as $104,000. What should be reported as the correct 2016 pretax income before taxes? A. $109,800 B. $119,400 C. $100,200 D. $88,600
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