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If inventory at the end of the year is understated by $40,000, what will this error cause? Group of answer choices An overstatement of gross

If inventory at the end of the year is understated by $40,000, what will this error cause?

Group of answer choices

An overstatement of gross profit for the year

An overstatement of total assets for the year

An overstatement of cost of goods sold for the year

All of the above would result from this error

None of the above would result from this error

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