Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer asap, thankyou:) pharoah company

please answer asap, thankyou:) Pharoah Company reported net income of $60,480 in...

80.2K

Verified Solution

Question

Accounting

please answer asap, thankyou:) image
Pharoah Company reported net income of $60,480 in 2020 and $89,600 in 2021 . However, ending inventory was overstated by $6,720 in 2020 . Compute the correct net income for Pharoah Company for 2020 and 2021. 2020 correct net income 2021 correct net income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

PLEASE TYPE YOUR ANSWER Imagin you are a student who took microbiology in a semester. how you...

Basic Math
1.2K views

The letters r and ? epresent polar coordinates. Write the given equation using rectangular...

Statistics
1.2K views

Question 4 Surveys of U S households do not includ institutions rather than at home...

Calculus
1.2K views

Compute the directional derivative of the function g x y sin x x 3y at...

Algebra
1.2K views

Find the mean median and mode Round to the nearest tenth when necessary 3 4...

Accounting
1.2K views

For a Zume Pizza delivery truck that uses a combination of robots, AI, and GPS...

Accounting
1.2K views

Choice Chicken grows and processes chickens. Each chicken is disassembled into five main...

Accounting
1.2K views

PT Oase has a bank loan that will mature in the next 6 months. PT...

Accounting
1.2K views

The Riteway Ad Agency provides cars for its sales staff. In the past, the compony...

Accounting
1.2K views

Please explain your answer. Looking to understand. Thank you! McMullen and Mulligan, CPAs, were...

Finance
1.2K views

Describe in detail with example. Please describe the real option inherent in each...

Accounting
1.2K views

Sunland Ltd. is a private company reporting under ASPE. Its income statement and changes in...