Chapter+6+Practice.pdf

7 Pages
118 Views

Department
Commerce
Course Code
COMMERCE 1BA3
Professor
Aadil Merali Juma

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Description
IlCovo is a calendaryear corporation Its financial statements for the years 2014 and 2013 contained errors as follows 20142013Ending inventory4000 overstated 7000 overstatedi By how much will 2014 income before taxes be overstated or understated ii By how much will retained earnings at December 31 2014 be overstated or understated
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