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Multiple Choice Question 157 Penny Company made an inventory count on December 31, 2018. During the count, one of the clerks made the error of

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Multiple Choice Question 157 Penny Company made an inventory count on December 31, 2018. During the count, one of the clerks made the error of counting an inventory item twice. For the balance sheet at December 31, 2018, the effects of this error are Assets Liabilities Stockholder's Equity. understated no effect understated overstated no effect overstated overstated overstated understated overstated understated overstated

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