Business, 05.12.2019 21:31 Ryan02717

Risers inc. reported total assets of $2,400,000 and net income of $320,000 for the current year. risers determined that inventory was overstated by $24,000 at the beginning of the year (this was not corrected). what is the corrected amount for total assets and net income for the year?
a. $2,400,000 and $320,000.
b. $2,400,000 and $344,000.
c. $2,376,000 and $296,000.
d. $2,424,000 and $344,000.

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Risers inc. reported total assets of $2,400,000 and net income of $320,000 for the current year. ris...

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