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During 2024. Passage Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts: Prior to any adjustments for

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During 2024. Passage Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts: Prior to any adjustments for these errors, working capital at December 31, 2023, would be: Select one: a. Correct b. 575,000 overstated c. 515,000 overstated d. 5135,000 overstated e. $75,000 understated

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