In 2010, Garrison Corporation Reported Net Income of $70,000

question 42

Multiple Choice

In 2010, Garrison Corporation reported net income of $70,000.A recount of the company's inventories revealed that 2010 ending inventory was overstated by $10,000.What is Garrison's corrected net income?

• A)$60,000
• B)$80,000
• C)$70,000
• D)$75,000

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