Question: C . Goode Eyeglasses overstated its inventory by $ 3 0 , 0 0 0 at the end of 2 0 2 4 . If

C. Goode Eyeglasses overstated its inventory by $30,000 at the end of 2024.
If the error is not discovered until 2026, before adjusting or closing entries, C. Goode would need: a.to record an increase in 2026 retained earnings. b. None of these answer choices are correct. c.to reflect a prospective adjustment in its 2025 income statement. d.to record a debit to inventory of $30,000 in 2026.

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