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Garner Supply Company reports net income of $120,000 in 2020 . The ending inventory did not include goods valued at $7,000 that Garner had consigned

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Garner Supply Company reports net income of $120,000 in 2020 . The ending inventory did not include goods valued at $7,000 that Garner had consigned to Sharif's Gift Shop. Your answer is correct. What is the correct net income for 2020 ? Correct net income eTextbook and Media What impact will this error have on the balance sheet at 12/31/20 ? On the balance sheet. will be by $

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