Hci inc understated its ending inventory by 6000 in 2006

Reference no: EM13587164

HCI, Inc. understated its ending inventory by $6,000 in 2006. Assume HCI, Inc. has a 25 percent income tax rate. Which of the following statements about the financial reports of HCI, Inc. for 2006 is correct?

Reference no: EM13587164

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