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(a) understated, overstated. (b) overstated, understated. (c) overstated, overstated. (d) understated, understated. . Lee Company overstated its inventory by NT$500,000 (L04 at December 31, 2013.

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(a) understated, overstated. (b) overstated, understated. (c) overstated, overstated. (d) understated, understated. . Lee Company overstated its inventory by NT$500,000 (L04 at December 31, 2013. It did not correct the error in 2013 or 2014. As a result, Lee's equity was: (a) overstated at December 31, 2013, and understated at December 31, 2014. (b) overstated at December 31,2013, and properly stated at December 31, 2014 (c) understated at December 31, 2013, and understated at December 31, 2014. (d) overstated at December 31, 2013, and overstated at December 31, 2014. Which of these would cause the inventory turnover (LO6) ratio to increase the most

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