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The Following Inventory Information Comes from the Records of Hoboken

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The following inventory information comes from the records of Hoboken Widget Company.
The following inventory information comes from the records of Hoboken Widget Company. A physical inventory count revealed that the inventory was actually $75,000.If this error were not corrected,what effect would it have on the income statements for this fiscal year and the following fiscal year? A physical inventory count revealed that the inventory was actually $75,000.If this error were not corrected,what effect would it have on the income statements for this fiscal year and the following fiscal year?

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Cost of goods sold will be understated b...

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