If the ending inventory of a company is overstated, how would an overstated ending inventory affect the net income? None is correct Understated No effect Overstated Question 64 (1.5 points) Which of the following items should be included in accounts receivable reported on the balance sheet? Interest receivable. Advances to related parties and officers. Notes receivable. Allowance for doubtful accounts. Question 65 (1.5 points) In a period of falling prices, the inventory method which tends to give the highest reported inventory is FIFO Moving average Weighted average LIFO