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What is the correct amount of net income

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Question - At the beginning of 2019, the company's inventory level was stated correctly. At the end of 2019, inventory was understated by $1,500. At the end of 2020, inventory was overstated by $500. Reported net income was $4,000 in 2019 and $4,000 in 2020. What is the correct amount of net income in 2020?

Reference no: EM133159626

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