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Which is true if the ending inventory is overstated?

A. Net income will be understated and the stockholders' equity will be understated.

B. Net income will be overstated and the stockholders' equity will be understated.

C. Net income will be overstated and the stockholders' equity will be overstated.

D. Net income will be understated and the stockholders' equity will be overstated.

Thank you!!!
Expert answered the question
Which is true if the ending inventory is overstated?

A. Net income will be understated and the stockholders' equity will...  View Full Answer