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If beginning inventory is understated by $10,000, the effect of this error in the current period is Cost of Goods Sold Net Income a. Understated

If beginning inventory is understated by $10,000, the effect of this error in the current period is

Cost of Goods Sold Net Income
a. Understated Understated
b. Overstated
c. Understated Overstated
d. Overstated Understated

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