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Business, 04.04.2020 02:40 harleycochran2ovyt3n

Cake Mart understated its ending inventory in the current year by $5,000. The company incorrectly reported net income of $100,000. Determine the effect this error had on the financial statements.

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Cake Mart understated its ending inventory in the current year by $5,000. The company incorrectly re...
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