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The closing inventory for year 1 was overstated by $4,500. At the end of year 2, assuming that no further errors have occurred, owners'
The closing inventory for year 1 was overstated by $4,500. At the end of year 2, assuming that no further errors have occurred, owners' equity is: Select one: a. None of the available choices O b. overstated by $4,500 O c. stated correctly O d. understated by $4,500
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