For the current year, the profit 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 profit. After examination of the accounts, you find the following errors:
Calculate the correct profit for this year.

Question

For the current year, the profit 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 profit. After examination of the accounts, you find the following errors:
  Calculate the correct profit for this year.

Quizplus · Accepted Answer

The Answer of For the current year, the profit 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 profit. After examination of the accounts, you find the following errors:
  Calculate the correct profit for this year.

For the Current Year, the Profit of Alpha and Omega