Raymonde company reports net income of $90,000 in 2012. however, ending inventory was understated $10,000. what is the correct net income for 2012? what effect, if any, will this error have on total assets as reported in the balance sheet at december 31, 2012?

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02-11-2022
World Languages

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Raymonde company reports net income of $90,000 in 2012. however, ending inventory was understated $10,000. what is the correct net income for 2012? what effect, if any, will this error have on total assets as reported in the balance sheet at december 31, 2012?

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