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If ending inventory in period t is understated by $4,000, then: a) Cost of goods sold in period tis b) Net income in period tis

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If ending inventory in period t is understated by $4,000, then: a) Cost of goods sold in period tis b) Net income in period tis ............ c) Retained earnings in period tis d) Beginning inventory in period t+1 is e) Cost of goods sold in period t+1 is f) Retained earnings in period t+1 is

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