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For each of the independent events listed below, analyze the impact on the indicated items at the end of the current year. Items Events

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For each of the independent events listed below, analyze the impact on the indicated items at the end of the current year. Items Events 1. The ending inventory in the previous period was overstated. 2. A physical count of goods on hand at the end of the current year resulted in some goods being counted twice. 3. Goods purchased on account in December of the current year and shipped FOB shipping point were recorded as purchases but were not included in the count of Assets Stockholders' Equity Cost of Goods Sold Net Income 33 PM

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