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In taking a physical inventory at the end of year 2013, Grant Company forgot to count certain units. Explain how this error affects the following:

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In taking a physical inventory at the end of year 2013, Grant Company forgot to count certain units. Explain how this error affects the following: 2013 cost of goods sold, 2013 gross profit, 201 3 net income, 2014 net income. the combined two-year income, and income for years after 2014

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