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1. The following errors occurred related to a periodic inventory system': a. In 2014, the intern did not count an entire room of inventory worth

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1. The following errors occurred related to a periodic inventory system': a. In 2014, the intern did not count an entire room of inventory worth $12,000. b. In 2015, the new intern double counted inventory worth $4,000. Year Net Income Assets Liabilities Owners' . uit

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