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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 Understated 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 Understated Understated Overstated Overstated Overstated Understated O Understated Overstated

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