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vova2212 [387]
3 years ago
14

Nie choice

Business
2 answers:
ch4aika [34]3 years ago
5 0

Answer: attorney fees

Explanation:

edge 2021

Molodets [167]3 years ago
4 0

Answer: maximum monetary damages

Explanation:

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Service Firms is the correct answer.

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Wolverine Company financial statements included the effects of these errors: Reported Net Income for Year 1 was $20,000. Reporte
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Net income year 2 = $21,300

Explanation:

I looked for the missing information and found this:

Year            Depreciation overstated         Prepaid expense omitted

1                              $2,500                                $2,000

2                             $4,000                                $2,700

If your question doesn't include the same values, just adjust the answer.

Year 2's net income = net income (year 2) + overstated depreciation (year 2) + omitted prepaid expenses (year 1) - omitted prepaid expenses (year 2) = $18,000 + $4,000 + $2,000 - $2,700 = $21,300

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