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    Fundamental Accounting Principles
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    Exam 6: Inventory Costing and Valuation
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    By How Much Will Net Income for 2020 Be Over
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By How Much Will Net Income for 2020 Be Over

Question 119

Question 119

Multiple Choice

By how much will net income for 2020 be over or understated?


A) $2,000 understated
B) $4,000 overstated
C) $6,000 understated
D) $6,000 overstated
E) There is no effect on net income.

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