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Moonland Company's income statement contained the following errors: Ending inventory, December 31, 2016, understated by $5,500 Depreciation expense for 2016 overstated by $1,100 What is
| Moonland Company's income statement contained the following errors: |
| Ending inventory, December 31, 2016, understated by $5,500 |
| Depreciation expense for 2016 overstated by $1,100 |
| What is the effect of the errors on 2016 net income before taxes? |
Understated by $6,600.
Understated by $4,400.
Overstated by $6,600.
Overstated by $4,400.
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