Question $16(2$ points$)$

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An error in the ending inventory for the year ended December $31,2022$:

automatically creates errors in cost of goods in the $2022$ and $2023$ financial statements

affects only the $2022$ financial statements

has no effect on the $2022$ financial statements but will create an error in the $2023$ financial statements

automatically creates errors in the ending inventory balance in the $2022$ and $2023$ financial statements