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babymother [125]
2 years ago
15

Risers Inc. reported total assets of $3,200,000 and net income of $255,000 for the current year. Risers determined that inventor

y was understated by $69,000 at the beginning of the year and $30,000 at the end of the year. What is the corrected amount for total assets and net income for the year
Business
1 answer:
WARRIOR [948]2 years ago
4 0

Answer:

Corrected total assets= $3,230,000

Corrected net income= $216,000

Explanation:

Riser incorporation reported a total assets $3,200,000 and a net income of $255,000 for the Current year

Risers inventory was understated by $69,000 at the beginning of the year and $30,000 at the end of the year

The corrected amount for the total assets can be calculated as follows

= $3,200,000+$30,000

= $3,230,000

The corrected amount for the net income can be calculated as follows

= $255,000-$69,000+$30,000

= $216,000

Hence the corrected amount for total assets and net income for the year is $3,230,000 and $216,000 respectively

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Answer:

A. ERP

B. RFID

C. Barcodes

D. E-business

E. EDI

Explanation:

Here is the complete question :

Match the following functions with their descriptions.

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Electronic Data Interchange (EDI) is used to exchange business documents in a standardised format electronically

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Disadvantages of EDI

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Answer:

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