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In year 1, Widgets miscounted ending inventory, resulting in an ending inventory being understated by $2 million. How would Widgets handle this error if it

In year 1, Widgets miscounted ending inventory, resulting in an ending inventory being understated by $2 million. How would Widgets handle this error if it were discovered in the following time frames. Make any journal entries that would be required.
Error discovered in year 2:
Error discovered in year 3:

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