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question #46 The Zabel Company uses the periodic inventory system. Kelly Zabel, the CEO, believes that the ending inventory for 12/31/12 is understated by $12,000.

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question #46 The Zabel Company uses the periodic inventory system. Kelly Zabel, the CEO, believes that the ending inventory for 12/31/12 is understated by $12,000. Indicate whether the following statement relating to the above error is true or false. Net Income will be overstated in 2013 by $12,000. True or False True False

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