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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 of

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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 of Goods Sold. C. Understatement of Net Income. B. Understatement of Retained Eamings. Doverstatement of Net Income

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