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Hull Company reported the following income statement information for the current year: The beginning inventory balance is correct. However, the ending inventory figure was overstated

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Hull Company reported the following income statement information for the current year: The beginning inventory balance is correct. However, the ending inventory figure was overstated by $20,000. Given this information, the correct gross profit would be: Multiple Choice $149,000 $169,000 $129,000. $142,000

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