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A company reported the following amounts for its current period: Beginning Inventory $110,000 Cost of Goods Sold $450,000 Ending Inventory $100,000 Total Assets $3,800,000 Owner's
A company reported the following amounts for its current period: Beginning Inventory $110,000 Cost of Goods Sold $450,000 Ending Inventory $100,000 Total Assets $3,800,000 Owner's Equity $900,000 If ending inventory is overstated by $5,000, then O total assets should be $3,795,000. O beginning inventory next period should be $105,000. O owner's equity should be $905,000. O ending inventory next period should be $105,000
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