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What is the effect on net income for the current year if a company fails to record a purchase of materials in transit (FOB shipping

What is the effect on net income for the current year if a company fails to record a purchase of materials in transit (FOB shipping point) but includes the materials in physical inventory at year-end?

a.) Net income is unaffected.

b.) Not enough information is provided to determine the answer.

c.) Net income is understated.

d.) Net income is overstated.

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