Question: C . Goode Eyeglasses overstated its inventory by $ 3 0 , 0 0 0 at the end of 2 0 2 1 . If

C. Goode Eyeglasses overstated its inventory by $30,000 at the end of 2021.
If the error is not discovered until 2023, before adjusting or closing entries, C. Goode would need:
Group of answer choices
An increase in 2023 retained earnings.
A debit to inventory of $30,000 in 2023.
A prospective adjustment in the 2022 income statement.
None of these answer choices are correct.

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