Business, 10.07.2021 03:00 Gababon

Oriole Inc. reported total assets of $6392000 and net income of $500000 for the current year. Oriole determined that inventory was understated by $137000 at the beginning of the year and $58900 at the end of the year. Ignoring income taxes, what is the corrected amount for total assets and net income for the year

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Oriole Inc. reported total assets of $6392000 and net income of $500000 for the current year. Oriole...

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