Homework Answers
| Particulars | Adjustment | Amount (in $ ) |
| Understated Depreciation | Adjusted through Retained Earnings | $ 0 |
| Loss from strike | ( $ 100,000 (-) 20% ) | ($ 80,000) |
| Overstated Inventory | Adjusted through Retained Earnings | $ 0 |
| Disposal of Component | ($ 2,000,000 (-) 20% ) | ($ 1,600,000) |
| Net Income net of tax | ($ 1,680,000) | |
| Option (C ) is Correct |
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