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Doyle Company discovered in 2019 that the ending inventories reported on its financial statements were incorrect by the following amounts: 2017 $60 understated 2018 $75

Doyle Company discovered in 2019 that the ending inventories reported on its financial statements were incorrect by the following amounts: 2017 $60 understated 2018 $75 overstated Indicate the error in 12/31/19 Retained Earnings:

a. No Error

b.

$75 Overstated

c.

$75 Understated

d.

$135 Overstated

e.

$135 Understated

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