Leigh CoReported $7, 000 of Net Income for 2010 $\$ 800$

question 16

Multiple Choice

Leigh Co.reported $7, 000 of net income for 2010.The following errors were then discovered: -Ending 2008 accrued expense was understated by $\$ 800$
-Ending 2009 unearned revenue was overstated by $\$ 75$ .
-Ending 2008 unearned revenue was overstated by $\$ 380$
Ignoring income taxes, compute correct 2010 net income.

• A)$6, 505
• B)$5, 895
• C)$7, 495
• D)$6, 655

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