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under the periodic inventory system, an overstatement of ending inventory results in which of the following in the present period ? A. Overstatement of cost
under the periodic inventory system, an overstatement of ending inventory results in which of the following in the present period ?
A. Overstatement of cost of goods sold
B. Overstatement of Net income
C. Understatement of retained earnings
D. Understatement of Net income
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