During its December 31, 2021 year-end inventory count, Bramble Company failed to count items in transit to

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During its December 31, 2021 year-end inventory count, Bramble Company failed to count items in transit to which it had legal title. As a result of this error, ending inventory was understated by $32200.

Assuming the company makes no errors in 2022, what will be Googly's owner's equity at the end of December 2022?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470161012

9th Canadian Edition, Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.

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Posted Date: May 30, 2023 05:32 AM

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During its December 31, 2021 year-end inventory count, Bramble Company failed to count items in transit to

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To determine Googlys owners equity at the end of December 2022 we need to consider the effect o... View the full answer

Intermediate Accounting

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