An understatement of ending inventory will cause$3$points$803$:$47$:$16$Multiple ChoiceAn understatement of assets and an overstatement of equity on the balance sheet.eBookReferencesAn overstatement of assets and equity on the balance sheet.An understatement of assets and equity on the balance sheet.No effect on the balance sheetAn overstatement of assets and an understatement of equity on the balance sheet