26. Inventory at the end of the current year is overstated by $20,000. What effect...
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26. Inventory at the end of the current year is overstated by $20,000. What effect will this error have on the following year's net income? (1 Point) 4 A) Net income will be overstated $20,000. B) Net income will be understated $20,000. ) Net income will be correctly stated. D) Net income will be understated $40,000
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