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In 2020, makisig company which uses the periodic system of recording inventory, reported a net income of 200,000. the correct net income was 250,000. it
In 2020, makisig company which uses the periodic system of recording inventory, reported a net income of 200,000. the correct net income was 250,000. it was determined that the beginning and ending inventory was overstated by 20,000 and 15,000 respectively, the remaining error was fue to purchases which was
(indicate the amount and if overstated or understated)
pls answer fast
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