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Errors in Inventory Count Bow Corp. accidentally overstated its previous year ending inventory by $1,150. Assume that ending current year inventory is accuratel Bow Corp.?
Errors in Inventory Count Bow Corp. accidentally overstated its previous year ending inventory by $1,150. Assume that ending current year inventory is accuratel Bow Corp.? a. Previous year net income is understated by $1,150. p. Previous year net income is overstated by $1,150. - Current year net income is understated by $1,150. d. Both b and c are correct
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