On 31 December 2021, the draft statement of financial position of a business reported total assets of $1000000. The following errors were later found. 1. A rise in the provision for doubtful debts, $5000, had not been entered. 2. Closing inventory had been overstated by $20000. 3. Depreciation, $10000, had not been entered. What was the adjusted total assets value?
- A$965000
- B$985000
- C$1005000
- D$1015000