Question: can someone help me to answer this question? Good will was purchased and expensed and is impaired by 10% each year. Assignment #1 For three

 can someone help me to answer this question? Good will was
can someone help me to answer this question?
Good will was purchased and expensed and is impaired by 10% each year.

Assignment #1 For three years the Sandy Caven Company failed to recognize accruals, prepayments, and other transactions in its accounts. Reported net income and a listing of the errors appear below. 20X0 2001 2002 2008 Failed to record accretion expen 14. $ 4,000 2,500 800 1,800 1,500 $ (1,000) - 4,800 200 nil 1,500 5. 7. nil 2,800 Reported net income (loss)... Failed to record accrued revenues ...... ...... $ 12,000 ...2,000 Failed to record uncollectible accounts expense ...bacl debt 600 Failed to record accrued salaries ........ 1,300 Understated depreciation expense .... 1,200 Goodwill purchased and expensed A (should-be-amortized over ten years) ... 5,000 Overstated ending inventories ........ 3,600 Failed to record purchase on account: merchandise property included in ending inventory .............. nil Failed to recognize unused supplies as an asset (expensed them instead) ......... Failed to recognize gain on sale of land; land credited for amount of proceeds ..... Failed to recognize uneamed revenue at end of year .................. 1,000 nil 9. 4,000 400 10. nil 11. 900 Required: 1. Recalculate the correct/adjusted net income for each year

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