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During the 2018 ending inventory count, I count $21,000 of inventory when $30,000 actually exist. In 2019, I accurately count my inventory. What is the
During the 2018 ending inventory count, I count $21,000 of inventory when $30,000 actually exist. In 2019, I accurately count my inventory. What is the effect of this miscount on2019 net income?Enter a positive number if net income is overstated, 0 if net income is accurate, and negative number if net income is understated.
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