Question
2. If a section of athletic apparel in the warehouse of Dick's Sporting Goods Inc. is inadvertently counted twice and therefore ending inventory for 2020
2. If a section of athletic apparel in the warehouse of Dick's Sporting Goods Inc. is inadvertently counted twice and therefore ending inventory for 2020 is overstated, which of the following statements would be true for the year-ended 12/31/2020? A Net income, total assets, and stockholder's equity would all be understated. B Total assets would be understated, while net income and stockholder's equity would be overstated. C Total assets and net income would be understated, while stockholder's equity would be overstated. D Net income, total assets, and stockholder's equity would all be overstated.
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