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Business, 23.06.2021 01:00 kashusledbetter

Kilian Company's inventory balance at the end of the current year does not include $10,000 of inventory that was stored in a separate warehouse and accidentally excluded from the physical count. If the error is not discovered, the effect of this error on financial statements in the following year will be: Multiple choice question. overstated net income the financial statement will be correct understated assets, retained earnings, and net income overstated assets, retained earnings and net income

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