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If closing inventory has been undervalued by 8,500, which of the following statements would be true? Select one: A. Profit is understated by 8,500 B.

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If closing inventory has been undervalued by 8,500, which of the following statements would be true? Select one: A. Profit is understated by 8,500 B. Sales are overstated by 8,500 C. Payables are overstated by 8,500 D. Purchases are understated by 8,500

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