Wendy CoMade the Following Errors in 2010: -Ending Inventory Was Overstated

question 63

Multiple Choice

Wendy Co.made the following errors in 2010: -Ending inventory was overstated by $\$ 2,000$ .
-Beginning inventory was understated by $\$ 6,000$
-Purchaseswere overstated by $\$ 3,000$ .
Reported net income was $15, 000.The correct 2010 net income was

• A)$26, 000
• B)$20, 000
• C)$10, 000
• D)$ 4, 000

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Definitions:

Skeletal Muscle

A type of striated muscle tissue which is under the voluntary control of the somatic nervous system and is used to move the skeleton.

Somatic Motor Neurons

Nerve cells that control voluntary movements of the muscles by transmitting signals from the central nervous system.

Pacemaker Cells

Specialized cells in the heart that control the heart rate by generating and conducting electrical signals.

Heart Rate

The number of heartbeats per unit of time, usually per minute, reflecting the speed at which the heart is beating and pumping blood through the body.