Question: Eagle Corp. ' s ending inventory is overstated by $ 4 , 0 0 0 . The effects of this error on the current year's

Eagle Corp.'s ending inventory is overstated by $4,000. The effects of this error on the current year's cost of goods sold and net income, respectively, are:
overstated, overstated
understated, understated
overstated, understated
understated, overstated
None of the above.
Eagle Corp. ' s ending inventory is overstated by

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