benchmarks.wiki / Public workspace

MMLU / Mill Co. reported pretax income of …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Mill Co. reported pretax income of 152500fortheyearendedDecember31.Duringtheyear−endaudittheexternalauditorsdiscoveredthefollowingerrors:Endinginventory152500 for the year ended December 31. During the year-end audit the external auditors discovered the following errors: Ending inventory 30000 overstated Depreciation expense $64000 understated What amount should Mill report as the correct pretax income for the year ended December 31?
Plain-text mathematical notation (without MathML)
Mill Co. reported pretax income of 152500fortheyearendedDecember31.Duringtheyear−endaudittheexternalauditorsdiscoveredthefollowingerrors:Endinginventory30000 overstated Depreciation expense $64000 understated What amount should Mill report as the correct pretax income for the year ended December 31?
Original LaTeX notation
Mill Co. reported pretax income of $152500 for the year ended December 31. During the year-end audit the external auditors discovered the following errors: Ending inventory $30000 overstated Depreciation expense $64000 understated What amount should Mill report as the correct pretax income for the year ended December 31?

choices

  1. $58,500
  2. $118,500
  3. $186,500
  4. 246500

subject

professional_accounting

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

Official source

initial import