For Calendar 2020, Redfern Corporation Reported Pre-Tax Income of $270,000

question 119

Multiple Choice

For calendar 2020, 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 Redfern's corrected pre-tax income for 2020?

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

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Definitions:

Early Stage Alzheimer's

The initial phase of Alzheimer's disease, characterized by mild memory loss, confusion, and problems with language and thought.

Communication Deficits

A lack of ability or difficulty in expressing or receiving information effectively.

Self-care Deficit

A situation in which an individual is unable to perform essential self-care activities due to physical, mental, or emotional impairments.

Moderate Stage Alzheimer's

A middle phase in Alzheimer's disease where individuals may experience greater memory loss and cognitive difficulties.