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Given the following Ending Inventory errors for the Portland Company: Year 2016 2017 Ending Inventory Error Understated
Posted: Thu May 19, 2022 2:18 pm
by answerhappygod
- Given The Following Ending Inventory Errors For The Portland Company Year 2016 2017 Ending Inventory Error Understated 1 (61.49 KiB) Viewed 79 times
Given the following Ending Inventory errors for the Portland
Company: Year 2016 2017 Ending Inventory Error Understated $30 Understated $40 Indicate the error in 2017 Net Income and 12/31/17 Retained Earnings: Select one: O a. Net Income Understated $10, Retained Earnings Understated $40 O b. Net Income Overstated $70, Retained Earnings Overstated $10 Oc. Net Income Understated $10, Retained Earnings Understated $10 O d. Net Income Understated $70, Retained Earnings Understated $40 Oe. Net Income Understated $40, Retained Earnings Understated $40