Matthew_McCoy_Problem 6-4A

Matthew_McCoy_Problem 6-4A - MatthewMcCoy Problem64A...

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Matthew McCoy Problem 6-4A Figure: (a) Cost of goods sold 2008 2009 Reported amount……………………………… $623,000  $955,000  Adjustments for: 12/31/2008 error…….. -56,000 56,000                                     12/31/2009 error…….. 25,000 Corrected amount……………………………… 567,000 1,036,000 Figure: (b) Net income 2008 2009 Reported amount……………………………… 230,000 275,000 Adjustments for: 12/31/2008 error…….. 56,000 -56,000                                     12/31/2009 error…….. -25,000 Corrected amount……………………………… 286,000 194,000 Figure: ( c) Total current assets 2008 2009 Reported amount……………………………… 1,247,000 1,360,000 Adjustments for: 12/31/2008 error…….. 56,000                                     12/31/2009 error…….. -25,000 Corrected amount……………………………… 1,303,000 1,335,000 Figure: (d) Total equity
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