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Quedon 25 Note Points out of 300 During 2023, Passage Company discovered that the ending inventories reported on its financial statements were incorrect by

Quedon 25 Note Points out of 300 During 2023, Passage Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts: 2021 $60,000 understated 2022 question $75,000 overstated Prior to any adjustments for these errors. Retained Earnings at January 1, 2024 would be Select one O a Correct Ob $75,000 overstated c. $15,000 overstated Od $135,000 overstated Oe $15,000 understated Clear my choice

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