Matthew corporation reported 9000 of net income for 2008., Ask an Expert

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Matthew Corporation reported $9,000 of net income for 2008. The following errors were then discovered in the ending accounting balances: accrued expense was overstated by $2,000 unearned revenue was understated by $3,000 and prepaid expense was overstated by $500 Ignoring income taxes, compute correct 2008 net income.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971442

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