Question: If ending inventory is Understated, what effect will it have on: Write U for understated, or O for overstated Mercandise inventory _____________ Current assets_____________ Total

If ending inventory is "Understated", what effect will it have on: Write "U" for understated, or "O" for overstated Mercandise inventory _____________ Current assets_____________ Total Assets_____________ Owner's Equity _____________

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