Question: ed Year Ending Inventory Errar 2020 Overstated $40 2021 Understated $30 Indicate the error in the following items: Select one: OB 2021 Net Income Overstated
ed Year Ending Inventory Errar 2020 Overstated $40 2021 Understated $30 Indicate the error in the following items: Select one: OB 2021 Net Income Overstated $10 12/31/21 Retained Earnings Overstated $10 2021 Net Income 12/31/21 Retained Earnings Understated $30 Understated $70 c 2021 Net Income 12/31/21 Retained Earnings No error Overstated $10 od 2021 Net Income Understated $30 1231/21 Retained Earnings Overstated $10 2021 Net Income 12181/21 Retained Earnings Understated $30 Overstated $40 At the end of the current year, the owner's equity in LaRose Corporation is $188,006. During the year, the assets of the business had decreased by 390,000, and the liabilities had increased by $36.000Owner equity at the beginning of the year must have been Select one a. $62,000 b. 3314000 C. $494,000 d. 5134,000 e. $126,000
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