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    Intermediate Accounting Reporting and Analysis
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    Exam 22: Accounting for Changes and Errors
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    Eliza Company Discovered the Following Errors in 2014
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Eliza Company Discovered the Following Errors in 2014

Question 67

Question 67

Multiple Choice

Eliza Company discovered the following errors in 2014:

Eliza Company discovered the following errors in 2014:       Eliza reported net income of $45,000 for the year 2013. The corrected net income (ignoring income taxes)  for 2013 should be A)  $45,000 B)  $40,000 C)  $46,000 D)  $44,000

Eliza reported net income of $45,000 for the year 2013. The corrected net income (ignoring income taxes) for 2013 should be


A) $45,000
B) $40,000
C) $46,000
D) $44,000

Correct Answer:

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