Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 08 Apr 2018 My Price 2.00

Fennick Company

Fennick Company reports net income of $92,000 in 2017. However, ending inventory was understated by $7,000. What is the correct net income for 2017? What effect, if any, will this error have on total assets as reported in the balance sheet at December 31, 2017?

 

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Maurice Tutor
(5)
Status NEW Posted 08 Apr 2018 07:04 AM My Price 2.00

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