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Blossom Inc. is a calendar-year corporation. Its financial statements for the years 2022 and 2021 contained errors as follows: 2022 2021 Ending Inventory $9100
Blossom Inc. is a calendar-year corporation. Its financial statements for the years 2022 and 2021 contained errors as follows: 2022 2021 Ending Inventory $9100 overstated $18100 overstated Depreciation Expense $6100 understated $13600 overstated Assume that the proper correcting entries were made at December 31, 2021. By how much will 2022 income before taxes be overstated or understated? O $7600 overstated O $15200 overstated O $10600 overstated O $3000 understated.
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