EA 1 5 . LO 1 0 . 4 Shetland Company reported net income on the year

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Question:

15 .

10.4

Shetland Company reported net income on the year

-

end financial statements of $

125, 000 .

However, errors in inventory were discovered after the reports were issued. If inventory was understated by $

15, 000,

how much net income did the company actually earn? Solution

Posted Date: May 18, 2024 07:07 AM

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EA 1 5 . LO 1 0 . 4 Shetland Company reported net income on the year

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