Question: Secure h com owiconnect.htm [required] Homework (ch 6 6 Help Save&ExltSubmit Check my 4 Problem 6-6A Analysis of inventory errors LO A2 Navajo Company's financial
Secure h com owiconnect.htm [required] Homework (ch 6 6 Help Save&ExltSubmit Check my 4 Problem 6-6A Analysis of inventory errors LO A2 Navajo Company's financial statements show the following. The company recently discovered that in making physical counts of Inventory, t had made the following erors: Inventory on December 31, 2016, is understated by $56,000, and inventory on December 31, 2017, is overstated by $20,000. 285,000 1,255,00 1,365,00 Required 1 Foreach key financial statement figure 4 a and a bei e prepare a table to show the ad ust mets reported amounts 2. What is the error in total net income for the combined three-year period resuting from the Inventory errors? e esay to co ed the Complete this questions by entering your answers in the below tabs Requred 1 Required 2
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