30. After issuing its financial statements, a company discovered that its beginning inventory was overstated...
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Accounting
30. After issuing its financial statements, a company discovered that its beginning inventory was overstated by $100.000. Its tax rate is 25%. As a result of this error, net income was A) Understated by $75,000 B) Overstated by S75,000 C) Understated by $25,000. D) Overstated by $25,000
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