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  1. business
  2. accounting
  3. antique carpets' books show the following data. (c

Antique Carpets' books show the following data. (Click the icon to view the income statements.)...

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Accounting

image Antique Carpets' books show the following data. (Click the icon to view the income statements.) In early 2026 , auditors found that the ending merchandise inventory for 2023 was understated by $8,000 and that the ending merchandise inventory for 2025 was overstated by $9,000. The ending merchandise inventory at December 31, 2024, was correct. Read the Requirement 1. Prepare corrected income statements for the three years. Antique Carpets' books show the following data. (Click the icon to view the income statements.) In early 2026 , auditors found that the ending merchandise inventory for 2023 was understated by $8,000 and that the ending merchandise inventory for 2025 was overstated by $9,000. The ending merchandise inventory at December 31, 2024, was correct. Read the Requirement 1. Prepare corrected income statements for the three years

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