Sue Company reported profit in 20X1 of $27,000 and in 20X2 of $32,000. Later it was discovered that the ending inventory for 20X1 was understated by $15,000. Disregard income taxes.

Sue Company reported profit in 20X1 of $27,000 and in 20X2 of $32,000. Later it was discovered that the ending inventory for 20X1 was understated by $15,000. Disregard income taxes. The correct amounts of profit for 20X1 and 20X2 were which of the following?
A) Choice A
B) Choice B
C) Choice C
D) Choice D


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