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If ending inventory at the end of the year is understated, what is the effect on cost of goods sold and net income? O Cost

If ending inventory at the end of the year is understated, what is the effect on cost of goods sold and net income? O Cost of goods sold will be overstated and net income will be overstated. O Cost of goods sold will be overstated and net income will be understated. O Cost of goods sold will be understated and net income will be understated

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