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The ending merchandise inventory for the current year is overstated by $20,000. What affect will this error have on the following year's net income? A.

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The ending merchandise inventory for the current year is overstated by $20,000. What affect will this error have on the following year's net income? A. The net income will be overstated by $20,000 OB. The net income will be understated by $40,000. OC. The net income will be understated by $20,000. OD. The net income will be overstated by $40,000

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