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Question Completion Status: QUESTION 1 Ballard Inc.'s December 31, 2019 ending inventory was erroneously understated by $50,000. However, Ballard's December 31, 2020 ending inventory was

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Question Completion Status: QUESTION 1 Ballard Inc.'s December 31, 2019 ending inventory was erroneously understated by $50,000. However, Ballard's December 31, 2020 ending inventory was calculated correctly. Which of the following would be overstated in the financial statements prepared as of and for the year ended December 31, 2020? A. Assets B. Cost of goods sold C. Net income D. Retained earnings E. Liabilities Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro

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