Question: Im looking for an explanation on why the answer is C 3. Regan Corporation's December 31, 2015, ending inventory was understated by $42,000. What effect

Im looking for an explanation on why the answer is C

3. Regan Corporation's December 31, 2015, ending inventory was understated by $42,000. What effect will this understatement have on total assets and net income for 2015

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