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Saved If an error in valuing inventory occurs in one year Multiple Choice It has no effect upon Income In the following year It has

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Saved If an error in valuing inventory occurs in one year Multiple Choice It has no effect upon Income In the following year It has no effect upon the Income statement, only on the balance sheet It is self-correcting after two years. Retained earnings will be adversely affected until corrected Prev 14 or 20 e to search DLL

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