Risers Inc

question 47

Multiple Choice

Risers Inc.reported total assets of $1,600,000 and net income of $85,000 for the current year.Risers determined that inventory was understated by $23,000 at the beginning of the year and $10,000 at the end of the year.What is the corrected amount for total assets and net income for the year?

• A)$1,610,000 and $95,000.
• B)$1,590,000 and $98,000.
• C)$1,610,000 and $72,000.
• D)$1,600,000 and $85,000.

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Definitions:

Social Order

The set of rules, norms, and standards that exist within a society to maintain stability and organization among its members.

Eradicate

To completely destroy or eliminate something, often used in the context of eradicating diseases or harmful practices.

Tribal Leaders

Individuals recognized for their authority, leadership, and influence within tribal societies, often responsible for decision-making and guidance.

Enforce Authority

The act of implementing or ensuring compliance with laws, rules, or decisions by those in power.