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Author Question: Cascade Supply Company's income statement for 2020 includes net income of $130,000. If ending ... (Read 2816 times)

mrsjacobs44

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Cascade Supply Company's income statement for 2020 includes net income of $130,000. If ending inventory in 2019 was accidentally understated by $10,000, assuming no other errors - what is the correct net income figure for 2020?
◦ $140,000
◦ $120,000
◦ $130,000
◦ $110,000


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Marked as best answer by mrsjacobs44 on Feb 18, 2020

dyrone

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