eBook Show Me How Remove Ads Effect of Inventory Errors TOTAL Adblock During the taking of its physical inventory on December 3 1 , 2 0 Y 3 , Kate's Interiors Company incorrectly counted its inventory as $ 2 8 2 , 3 8 0 instead of the correct amount of $ 2 4 2 , 8 4 5 Indicate the effect of the misstatement on Kate's Interiors's December 3 1 , 2 0 Y 3 , balance sheet or income statement for the year ended December 3 1 , 2 0 Y 3 For each, select if the amount is overstated or understated Then, input the over or under amount, entered as a positive value Cost of goods sold Current assets Gross profit Inventory Net income Stockholders' equity Total assets

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eBook Show Me How Remove Ads Effect of Inventory Errors TOTAL Adblock During the taking of its physical inventory on December 3 1 , 2 0 Y 3 , Kate's Interiors Company incorrectly counted its inventory as $ 2 8 2 , 3 8 0 instead of the correct amount of $ 2 4 2 , 8 4 5   Indicate the effect of the misstatement on Kate's Interiors's December 3 1 , 2 0 Y 3 , balance sheet or income statement for the year ended December 3 1 , 2 0 Y 3   For each, select if the amount is overstated or understated  Then, input the over or under amount, entered as a positive value  Cost of goods sold Current assets Gross profit Inventory Net income Stockholders' equity Total assets

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eBook Show Me How Remove Ads Effect of Inventory Errors TOTAL.Adblock During the taking of its physical inventory on December 3 1 , 2 0

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