Condensed income statements for Marlin Company are shown below for two years.

Compute the corrected income before income taxes for 2013 and 2014,assuming that the inventory as of the end of 2013 was mistakenly understated by $26,000.

Question

Condensed income statements for Marlin Company are shown below for two years.

Compute the corrected income before income taxes for 2013 and 2014,assuming that the inventory as of the end of 2013 was mistakenly understated by $26,000.

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The Answer of Condensed income statements for Marlin Company are shown below for two years.

Compute the corrected income before income taxes for 2013 and 2014,assuming that the inventory as of the end of 2013 was mistakenly understated by $26,000.

Condensed Income Statements for Marlin Company Are Shown Below for Two