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The inventory reported on Lazzard Company's statement of financial position is understated by 1,500,000. The company's reported net income for the period will be of

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The inventory reported on Lazzard Company's statement of financial position is understated by 1,500,000. The company's reported net income for the period will be of tion understated by 1,500,000. Ob correct. overstated by 1,500,000. Od need more information to determine. OC

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