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Which of the following is correct about inventory errors for a given year? Multiple Choice If ending inventory is over-stated, cost of goods sold is

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Which of the following is correct about inventory errors for a given year? Multiple Choice If ending inventory is over-stated, cost of goods sold is over stated If ending inventory is over-stated, net income is under-stated. If ending inventory is over-stated, retained earnings is under-stated. None of the above statements are correct O All of the above statements are correct

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