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please explain step to step on how tonsolve for this thanks What is the effect of a $46500 overstatement of last year's inventory on current

please explain step to step on how tonsolve for this thanks

What is the effect of a $46500 overstatement of last year's inventory on current years ending retained earning balance? Need more information to determine. Overstated by $46500. Understated by $46500 No effect

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