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If ending inventory is understated in 2021, and no further errors are made in 2022, the 2022 ending owner's equity will be overstated. correct. understated.

If ending inventory is understated in 2021, and no further errors are made in 2022, the 2022 ending owner's equity will be

		overstated.
		correct.
		understated.
		Owner's equity is never affected by an inventory error.

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