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An overstatement of closing inventory results in: understatement of gross profits for the current period; overstatement for the following period overstatement of gross profits for
An overstatement of closing inventory results in:
understatement of gross profits for the current period; overstatement for the following period
overstatement of gross profits for the current period; understatement for the following period
understatement of gross profits for the current period; understatement for the following period
overstatement of gross profits for the current period; no effect on the following period
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