Question: Given: Overstated Understated Purchases 3 Sales Retums 5 Beginning Inventory Freight Out 1 5 Purchase Discounts Net Income is: Select one: a . Understated $

Given:
Overstated
Understated
Purchases
3
Sales Retums
5
Beginning Inventory
Freight Out
15
Purchase Discounts
Net Income is:
Select one:
a. Understated $2
C b. Understated $24
C. Overstated $6
d. Understated $26
e. Understated $16

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