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If the beginning inventory of the current year and the ending inventory of the past year were overstated by the same amount: Retained earnings at
If the beginning inventory of the current year and the ending inventory of the past year were overstated by the same amount:
- Retained earnings at the end of the current year would be correct.
- Retained earnings at the end of the current year would be overstated.
- Retained earnings at the end of the current year would be understated.
- Net income for the current year would be correct.
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
