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Category > Management Posted 04 Nov 2017 My Price 5.00

Crocker Company

Exercise A Crocker Company reported annual net income as follows:

2008

$484,480

2009

487,680

2010

409,984

Analysis of its inventories revealed the following incorrect inventory amounts and these correct amounts:

 

Incorrect Inventory Amount

Correct inventory amount

2008 December 31

$76,800

$89,600

2009 December 31

86,400

77,600

Compute the annual net income for each of the three years assuming the correct inventories had been used.

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Nov 2017 11:11 PM My Price 5.00

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