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As a result of understating ending inventory by $10,000 at the end of Year 1, __________. A. net income for Year 2 will be understated

As a result of understating ending inventory by $10,000 at the end of Year 1, __________.

A. net income for Year 2 will be understated

B. net income for Year 2 will be overstated

C. ending inventory for Year 2 will be overstated

D. there will be no effect on net income for Year 2

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