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Which of the following statements is true regarding inventory errors (overstating or understating ending inventory)? 100000 None of the above is correct. Inventory errors will

Which of the following statements is true regarding inventory errors (overstating or understating ending inventory)? 100000 None of the above is correct. Inventory errors will cancel out after two periods. Inventory errors never cancel out; they must be corrected manually. Inventory errors will cancel out after three periods. I DON'T KNOW YET

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