Question: Help please D Question 4 1 pts If the beginning inventory for 2021 is overstated, the effects of this error on cost of goods sold

Help please

D Question 4 1 pts If the beginning inventory for 2021 is overstated, the effects of this error on cost of goods sold for 2021, net income for 2021, and assets at December 31, 2022, respectively, are: overstatement, understatement, overstatement understatement, overstatement, no effect overstatement, understatement, no effect understatement, overstatement, overstatement

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4. What specific changes in the environment have taken place in relation to the information we have collected?

2. The purpose of the acquisition of the information.

1. What is the meaning of the information we are collecting?