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Question 28 (1 point). If the beginning inventory is correct and the ending inventory is understated by $5,000 then: Net income will be overstated

Question 28 (1 point). If the beginning inventory is correct and the ending inventory is understated by $5,000 then: Net income will be overstated by $5,000. Cost of Goods Sold will be understated by $5,000. The beginning inventory next year will be overstated by $5,000. Net income will be understated by $5,000.

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