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given the following errors of the lincoln company: sales understated - 4 begenning invetory understated - 8 interest expense understated - 2 ending inventory overstated
given the following errors of the lincoln company:
sales understated - 4
begenning invetory understated - 8
interest expense understated - 2
ending inventory overstated - 7
purchase discouts overstated - 3
sales overstated - 5
net sales will be
net sales will be
a) overstated by 9
b) understated by 1
c) overstated by 1
d) overstated by 3
e) understanted by 9
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