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In January Company purchased soment with 100,000 that it borrowed from a local on the sccountant recorded the son os inventories and an increasi Awable

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In January Company purchased soment with 100,000 that it borrowed from a local on the sccountant recorded the son os inventories and an increasi Awable As a on the marybendeshe, Inventaries were overstated Accounts Payable was understate Cash was understand Tones were understated. Total are understated. Retained Eumig was overstated Sun Ante Tries99

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