Multiple Choice
Which of the following is correct when,in the same year,beginning inventory is understated by $1,300 and ending inventory is understated by $700?
A) Net income is understated by $600.
B) Net income is understated by $2,000.
C) Net income is overstated by $600.
D) Net income is overstated by $2,000.
Correct Answer:
Verified
Correct Answer:
Verified
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