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If the opening inventory is overstated by $900, it can cause a misstatement in: (i) Cost of goods sold (ii) Gross profit (iii) Net profit

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If the opening inventory is overstated by $900, it can cause a misstatement in: (i) Cost of goods sold (ii) Gross profit (iii) Net profit (iv) Capital (i) and (ii) only. (ii) and (iv) only. (i), (ii) and (iii) only. All of the above

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