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An error understated Bowerston Corporation's December 31, 2016, ending inventory by $54,000. What effect will this error have on total assets and net income for

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An error understated Bowerston Corporation's December 31, 2016, ending inventory by $54,000. What effect will this error have on total assets and net income for 2016? Assets Net income O A. Understate Understate O B. No effect No effect O C. No effect overstate O D. Understate No effect

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