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Chrome File Edit View History Bookmarks People Tab Window Help M ))...

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Accounting

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Chrome File Edit View History Bookmarks People Tab Window Help M )) 38% O Sun 10:04 PM Q E X + courses/28083/assignments/2952421 Net Income per Books Error in Ending Inventory Year 2015 $49,000 Overstated $2,700 2016 51,060 Overstated 8,370 2017 53,170 Understated 11,680 2018 55,090 No error 2019 56,960 Understated 1,890 2020 58,850 Overstated 8,620 Prepare a worksheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors. Errors in Inventories Net Income Per Books Overstatement Jan. 1 Understatement Jan. 1 Overstatement Dec. 31 Understatement Dec. 31 Corrected Net Income Year 2015 $49,000 2016 51,060 2017 53,170 2018 55,090 2019 56,960 2020 58,850 WWIVU MULTIVITI PULITILOIHIvou

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