Question: How is stockholders' equity for the current year affected by a $ 1 2 , 0 0 0 understatement error to ending inventory in the

How is stockholders' equity for the current year affected by a $12,000 understatement error to ending inventory in the current year?
Stockholders' equity is overstated by $12,000.
Stockholders' equity is understated by $12,000.
There is no effect on stockholders' equity.
Stockholders' equity will become negative.
How is stockholders' equity for the current year affected by a

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