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If a company overstates its Ending Inventory, as was the case in the Crazy Eddie fraud, their: A) Cost of Goods Sold will be overstated

If a company overstates its Ending Inventory, as was the case in the Crazy Eddie fraud, their:

A) Cost of Goods Sold will be overstated B) Net Income will be overstated C) Net Income will be understated D) Financial Statements will not be affected

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