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A material error in ending inventory requires special analysis because it ________. affects two years cost of goods sold, income tax expense, net income, and
A material error in ending inventory requires special analysis because it ________.
affects two years cost of goods sold, income tax expense, net income, and retained earnings |
counter balances over a minimum of three years |
affects the balance sheet as well as the income statement for one year |
reflects poorly on the quality of the company's accounting reliability |
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