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Overstating ending inventory has the following effect on cost of goods sold and net income respectively. a. overstated, overstated b. understated, overstated c. overstated, understated

Overstating ending inventory has the following effect on cost of goods sold and net income respectively.

	a.	overstated, overstated
	b.	understated, overstated
	c.	overstated, understated
	d.	no effect on either account

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