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The net income per books of Sarasota Industries Limited was determined without any knowledge of...

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Accounting

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The net income per books of Sarasota Industries Limited was determined without any knowledge of the following errors. The 2018 year was Sarasota's first year in business. No dividends have been declared or paid. Prepare a work sheet to show the adjusted net income figure for each of the six years after taking the inventory corr account. Prepare a schedule that shows both the original retained earnings balance reported at the end of each year and the corrected amount. The net income per books of Sarasota Industries Limited was determined without any knowledge of the following errors. The 2018 year was Sarasota's first year in business. No dividends have been declared or paid. Prepare a work sheet to show the adjusted net income figure for each of the six years after taking the inventory corr account. Prepare a schedule that shows both the original retained earnings balance reported at the end of each year and the corrected amount

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