For the current year,the net income of Alpha and Omega was incorrectly calculated as $547,715 for the year ended December 31.You are called in as the accountant to determine the correct net income.After examination of the accounts,you find the following errors: Calculate the correct net income for this year.

Question

For the current year,the net income of Alpha and Omega was incorrectly calculated as $547,715 for the year ended December 31.You are called in as the accountant to determine the correct net income.After examination of the accounts,you find the following errors:  Calculate the correct net income for this year.

Quizplus · Accepted Answer

The Answer of For the current year,the net income of Alpha and Omega was incorrectly calculated as $547,715 for the year ended December 31.You are called in as the accountant to determine the correct net income.After examination of the accounts,you find the following errors:  Calculate the correct net income for this year.

For the Current Year,the Net Income of Alpha and Omega