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Business, 08.07.2020 22:01 hawleyemily

Inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error? a. net income is understated b. gross profit is understated c. stockholders' equity is overstated d. cost of goods sold is overstated

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Inventory at the end of the year is overstated. Which of the following statements correctly states t...

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