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During Year 1, ABC Inc's ending inventory was overstated by $10,000. During Year 2, ABC Incs ending inventory was understated by $20.000. Assuming that

During Year 1. ABC Incs ending inventory was overstated by $10,000. During Year 2. ABC Incending inventory was understated b

During Year 1, ABC Inc's ending inventory was overstated by $10,000. During Year 2, ABC Incs ending inventory was understated by $20.000. Assuming that the Year 2 books have not yet been closed, the adjustinent to Cost of Goods sold would be Multiple Choice AS30,000 increase A$20.000 increase A $20000 decrease A SJO000 decrease

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