Belinda Corp $\$ 2,000$ -2010 Eame Drevenue Was Overstated By

question 78

Multiple Choice

Belinda Corp.reported $80, 000 of net income for 2010.The following errors were then discovered: -Ending 2010 accrued expense was overstated by $\$ 2,000$
-2010 eame drevenue was overstated by $\$ 3,000$ .
-Ending 2010 prepaid expense was overstated by $\$ 500$ .
Ignoring income taxes, the correct 2010 net income is

• A)$85, 500
• B)$84, 500
• C)$78, 500
• D)$76, 500

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Definitions:

Abilities

The skills and competencies that enable an individual to perform specific tasks or activities.

Competence

The ability to do something successfully or efficiently, often referring to a specific skill or knowledge area.

Stanford Prison Study

A psychological experiment conducted in 1971 by Philip Zimbardo at Stanford University, exploring the effects of perceived power and authority in a simulated prison environment.

Tyrannical

Exercising power in a cruel or arbitrary way; often associated with dictatorial leadership.