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How will a $40,000 overstatement of ending inventory in one year affect the cost of goods sold in the following year? It will result in
How will a $40,000 overstatement of ending inventory in one year affect the cost of goods sold in the following year? It will result in a $40,000 overstatement in the following year. It will result in a $40,000 understatement in the following year. It will result in a $20,000 overstatement in the following year. O It will have no effect on the cost of goods in the following year
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