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Which statement is NOT correct about inventory errors? A. Misstatements in inventory can affect the beginning inventory amounts. B. Misstatements in inventory can affect the

Which statement is NOT correct about inventory errors?

A. Misstatements in inventory can affect the beginning inventory amounts.

B. Misstatements in inventory can affect the ending inventory amounts.

C. Misstatements in inventory affect current ratios.

D. Misstatements in inventory have no effect on net income.

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