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Not yet onsiwered During its December 31, 2021 year-end inventory count, Googly Company failed to count items in transit to which it had legal title.
Not yet onsiwered During its December 31, 2021 year-end inventory count, Googly Company failed to count items in transit to which it had legal title. As a result of this error, ending inventory was understated by $30,000. Assuming the company makes no errors in 2022, Googly's owner's equity at the end of December 2022 will be Select one: A. correct. B. overstated by $60,000. C. understated by $30,000. D. overstated by $30,000
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