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A company's beginning inventory for Year 5 was understated by $13,000, and the ending inventory for Year 5 was overstated by $26,000. These errors
A company's beginning inventory for Year 5 was understated by $13,000, and the ending inventory for Year 5 was overstated by $26,000. These errors will cause the Year 5 net income to be O A. Overstated by $26,000. OB. Understated by $39,000. O C. Overstated by $39,000. OD. Understated by $13,000.
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Applying International Financial Reporting Standards
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
3rd edition
730302121, 978-0730302124
