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9. If beginning inventory is overstated by $20,000 and ending inventory is overstated by $15,000 a. Net income is overstated by $5,000 b. Net income

9. If beginning inventory is overstated by $20,000 and ending inventory is overstated by $15,000 a. Net income is overstated by $5,000 b. Net income is understated by $5,000 c. Net income is overstated by $35,000 d. Net income is understated by $35,000

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