Business, 28.11.2019 07:31 naimareiad

Acompany discovered in 2013 that it had overstated the inventory balance for dec 31, 2011 by $10,000. the company had (incorrectly) reported net income to be $300,000 for 2011, and $400,000 for 2012. what are the corrected net incomes for 2011 and 2012

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Acompany discovered in 2013 that it had overstated the inventory balance for dec 31, 2011 by $10,000...