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liz_08 liz_08
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5 years ago
Tarleton Company discovered ending inventory errors in 2015 and 2016. The 2015 ending inventory was overstated by $215,000 whereas the 2016 ending inventory was understated by $85,000. Ignoring income tax effects, by what amount should the beginning retained earnings be adjusted on January 1, 2017?
A) $85,000 debit
B) $85,000 credit
C) $130,000 debit
D) $215,000 credit
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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5 years ago
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liz_08 Author
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5 years ago
Such an awesome helper!
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