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In 2023, beginning inventory is overstated. What is the effect of the error on net income in 2023 and 2024? OA. Net income is overstated

In 2023, beginning inventory is overstated. What is the effect of the error on net income in 2023 and 2024? OA. Net income is overstated in 2023 and 2024. B. Net income is understated in 2023 and correctly stated in 2024. C. Net income is understated in 2023 and 2024. D. Net income is understated in 2023 and overstated in 2024

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