Cody Company reports net income of $101,100 in 2010. However, ending inventory was understated $17,890. What is the correct net income for 2010?

$___________________

What effect, if any, will this error have on total assets as reported in the balance sheet at December 31, 2010?

Total assets in the balance sheet will be Understated by $ ___________________

You've already posted this over here:
https://www.askmehelpdesk.com/financ...ry-406470.html

First, posting again just confuses people. Let's keep it over on that thread.

Second, I just posted the link to the homework guidelines in your other thread. You need to read that. I've already answered this question. If you did not understand something, please ask me to clarify, but don't post it again in expectation that I'm just going to do it for you. It's your homework. Go to the other thread, read what I said, try to get it -- it's just not that difficult if you bothered to read what I said.

If you have further questions, ask what they are - don't just post the same problem again with nothing.