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2.5 pts At the end of 20X8, the Stone Company failed to adjust supplies inventory recorded as an asset for the portion of supplied during

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2.5 pts At the end of 20X8, the Stone Company failed to adjust supplies inventory recorded as an asset for the portion of supplied during 20X8. This error results in (Select ONE best answer 20x8 net income is overstated, retained earnings at the end of 2018 is verstated, and assets are committed at the end of 2001 O 20X8 net income is overstated, retained earnings at the end of 20% as overstated, and assets at the end of 2001 are correc None of the other choices are correct 20x8 net income is understated, retained caring at the end of 20x3 s understated and assets are understand at the 2013 2.5 pts

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