Question: Multiple Select QuestionSelect all that applyQ - mart failed to include inventory that was kept in a separate warehouse in its 1 2 / 3

Multiple Select QuestionSelect all that applyQ

-

mart failed to include inventory that was kept in a separate warehouse in its

12 / 31

end

-

-

the

-

period inventory count. Consequently, the ending inventory on

12 / 31

was understated on the balance sheet. Explain how this error affects the current year's income statement.Multiple select question.The current year's net income will be too high.The current year's net income will be too low.The current year's cost of goods sold will be too low.The current year's cost of goods sold will be too high.

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