Business, 27.10.2021 01:00 jeffljr7385

Effect of Inventory Errors During the taking of its physical inventory on December 31, 20Y3, Corbin Company incorrectly counted its inventory as $366,200 instead of the correct amount of $329,580. Requried:
Indicate the effect of the misstatement on Corbin's December 31, 20Y3, balance sheet or income statement for the year ended December 31, 20Y3.

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Effect of Inventory Errors During the taking of its physical inventory on December 31, 20Y3, Corbin...