For Calendar 2017, Redfern Corporation Reported Pre-Tax Income of $270,000

question 59

Multiple Choice

For calendar 2017, Redfern Corporation reported pre-tax income of $270,000.You have been made aware that the company's beginning inventory was overstated by $14,000 and ending inventory was understated by $9,000.What is Redern's corrected pre-tax income for 2017?

• A)$270,000
• B)$275,000
• C)$265,000
• D)$293,000