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What is the corrected profit or loss for the year ended oct

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Problem 1: Draft of the Income Statements for the year ended Oct. 31, 2019 reflected a loss of P148,600. The entity did not include an expense accrual of P162,500 and a prepayment of P83,400. What is the corrected profit or loss for the year ended Oct. 31, 2019, following the inclusion of the accrued expense and prepayment?

Reference no: EM133009575

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