Oriole Inc. reported total assets of $2407000 and net income of $324000 for the current...
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Oriole Inc. reported total assets of $2407000 and net income of $324000 for the current year. Oriole determined that inventory was overstated by $25500 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year? $2432500and$349500$2407000and$324000$2407000and$349500$2381500and$298500 eTextbook and Media
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