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A company overstated its ending inventory balance by $8,000 in 2018 What impact will this error have on total assets and retained earnings in 2018

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A company overstated its ending inventory balance by $8,000 in 2018 What impact will this error have on total assets and retained earnings in 2018 and 2019 (ignoring tax effects)? 2018 Total assets Retained earnings 2019 Total assets Retained earnings

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